Whose plan is more Jewish, Obama’s or McCain’s?
Published: 10.17.08, 14:37 / Israel Jewish Scene
Jewish religion mandates that rich must share their wealth with those less fortunate than themselves. Democratic candidate's tax plan makes moral, religious and economic sense.
What’s ahead is not an endorsement of any one candidate; rather it is an analysis of their positions on taxes and redistribution of wealth from a Jewish perspective.
The Presidential debate this week discussed the story of Joe the Plumber at length. Joe wanted to buy a business and saw that under Obama’s tax plans he would be forced to pay an additional three percent tax on any income above two hundred and fifty thousand dollars. Since the business he was buying made more than that amount he was worried that his taxes would go up.
Obama explained his plan to Joe and at the end said that “if you’ve got a plumbing business you’re going to be better off if you’ve got a whole bunch of customers who can afford to hire you. Right now everybody is so pinched that business is bad for everybody and I think that when you spread the wealth around it is good for everybody.”
To my unbiased and nonpartisan mind (I am a British Citizen who cannot vote in this election and I am a fierce independent) Obama was making a cogent point. Obama thinks that by giving the average person more money in their pockets through tax breaks they will spend more of their money consuming which in the end will be better for small businesses.
More:
http://www.ynetnews.com/articles/0,7340,L-3609879,00.html