What I don't like about McCain....

[Army_of_One]

While I believe McCain is the better candidate there are things that I don't like about him.

I believe the McCain-Kennedy Amnesty bill for illegals was a huge mistake and I'm not sure what he was thinking or whom he was representing on that one. Thank goodness it was voted down.

Although it appears he has "toughened" his stance on illegal immigration I believe he will revert back to Amnesty.

I wasn't fond of this either....

John McCain believes we should institute a summer gas tax holiday. Hard-working American families are suffering from higher gasoline prices. John McCain called on Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day.

Not too fond of his "HOME" plan bailing out people making bad financial decisions. Buying a home is an investment. Some people make good investments...some make bad investments....we shouldn't bail out people that lose money on bad investments.

[Army_of_One]

Some things I like about McCain.....

Keep Tax Rates Low: Entrepreneurs are at the heart of American innovation, growth and prosperity. Entrepreneurs create the ultimate job security - a new, better opportunity if your current job goes away. Entrepreneurs should not be taxed into submission.

Cut The Corporate Tax Rate From 35 To 25 Percent: A lower corporate tax rate is essential to keeping good jobs in the United States. America was once a low-tax business environment, but as our trade partners lowered their rates, America failed to keep pace. We now have the second highest corporate tax rate in the world, making America a less attractive place for companies to do business.

Also banning internet taxes and more cell phone taxes.

The corp tax rate has a lot to do with our jobs going overseas. A lower tax rate would keep more business here and attract new business. Some people call it corporate welfare but these are the business's that create jobs.

[gadwall]

aoo what internet tax are you refering to ?

[Army_of_One]

Originally Posted by gadwall

aoo what internet tax are you refering to ?

There is a movement to tax the internet...

Net taxes could arrive by this fall - CNET News

McCain is basically against this...

Ban Internet Taxes: John McCain believes we must make a farsighted, robust, and fervent commitment to innovation and new technologies to sustain our global competitiveness, meet our national security challenges, achieve less costly and more effective health care, reduce dangerous dependence on foreign sources of oil, and raise the quality of education in the United States. John McCain has been a leader in keeping the Internet free of taxes. As President, he will seek a permanent ban on taxes that threaten this engine of economic growth and prosperity.

[Binky Bainbridge]

Originally Posted by Army_of_One

Not too fond of his "HOME" plan bailing out people making bad financial decisions. Buying a home is an investment. Some people make good investments...some make bad investments....we shouldn't bail out people that lose money on bad investments.

You say "buying a home is an investment" - yes it may be, but first and foremost its a home, it just happens to have the potential of being an investment.

You'll just love what our government is doing on this Army1!

BBC NEWS | Politics | Stamp duty axed below £175,000

[Army_of_One]

Originally Posted by Binky Bainbridge

You say "buying a home is an investment" - yes it may be, but first and foremost its a home, it just happens to have the potential of being an investment.

You'll just love what our government is doing on this Army1!

BBC NEWS | Politics | Stamp duty axed below £175,000

doesn't that just let someone buy a house initially cheaper then when they have to start paying taxes it has the potential to become a house they cannot afford.

For a lot of people a house in a home first but to a lot of people it's also an investment. Look at the number of people taking out "interest only" loans out west because they expected their house value to rise so fast.

I believe in letting the market control prices and rates. The housing market like any other market will have boom and bust times.

[gadwall]

thanks for the link walter. i'm split on this one. i'm not for increased taxes so i don't to see taxes on my internet delivery. but as far as internet sales tax i am all for removeing the blockage and allowing the states to make internet retailers collect sales tax for them. in kansas you are required to declare and pay sales tax on any thing purchased from the internet though few do. failure to do so could be construed as tax evasion.

[Detector]

While I don't like McCain's current stance on immigration, I do give him credit for standing up for what he believes in. Even when it's not popular with his own political party. Also, military people tend to put America above all else. These are the "changes" we need.

[Army_of_One]

Originally Posted by Detector

While I don't like McCain's current stance on immigration, I do give him credit for standing up for what he believes in. Even when it's not popular with his own political party. Also, military people tend to put America above all else. These are the "changes" we need.

good post!

[Binky Bainbridge]

Originally Posted by Army_of_One

doesn't that just let someone buy a house initially cheaper then when they have to start paying taxes it has the potential to become a house they cannot afford.

But if you can't afford to pay the mortgage, you're now offered a choice of options:

1) Shared Ownership - A Housing Association will buy a share of your property and the owner pays a rent on that share - when property is sold the Housing Association receives its share of any profit.
2) Shared Equity - A Housing Association lends cash to owner to help pay the mortgage at a low interest rate
3) Sale & Rent Back - A Housing Association pays off outstanding mortgage and rents the property back at a affordable rent.

From April 2009 the government will pay the interest on a mortgage of up to around $300,000, 13 weeks after the homeowner loses his/her job. To qualify the person must be receiving one of three benefits - income support, Jobseekers Allowance, or pension credit, and not have more than $28,000 in savings. This will help to keep them in their home rather than being evicted and the house repossessed.

First-time buyers whose income is less than $105,000 are entitled to an equity loan of up to 30% of the price of a new-build property. It will be provided interest-free by the government but there may be a fee payable at the end of the term.

Stamp duty, a tax paid when purchasing a property has been revised. Before today it was zero on properties under $220,000, now it is zero on properties under $300,000. There are rates of between 1%-4% for higher priced properties.

The house building sector is dead at the moment with prices falling and work stopped on new-build sites but I'm not convinced any of these measures will make much difference.

What's the state of the US housing market?