Tuesday, July 1, 2008

Election cont'd.

An addendum to my previous post. More issues:

1. Capital gains tax increase: Obama wants this, which would raise taxes on most Americans.

2. Tax increase on oil companies: I realize it’s fun to view the oil companies as truly evil, but I believe additional taxes would just increase gas prices and reduce the oil companies’ desire to find new sources of oil.

3. Farm bill: Farm subsidies help wealthy agribusiness conglomerates like ADM. Half of farm revenue comes from the government. McCain opposed this massive, wasteful bill. Obama has close ties to the ethanol industry and favored the bill. It passed over the president’s veto.

4. Ethanol: bad for the environment, bad for cars, and makes corn more expensive in grocery stores. It’s a terrible idea. Obama loves it. McCain opposes it.

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