Barack Obama has repeatedly said that he will lower taxes for 95% of Americans. Those making $250,000 or above will see their tax rates rolled back to the pre-Bush levels, and the 15% on capital gains will go back to the 20% that it was before Bush. These changes are what John McCain keeps referring to, threatening that Obama wants to raise taxes, take away jobs, and hurt the already suffering economy. So, we asked the individuals who would be affected by these increases, "Why are you supporting Barack Obama? Why do you think he will help the economy?"
(Note: This site is not affiliated with the Obama campaign; all the quotes were directly submitted to us in response to our solicitations.)
         I am a business owner, asset manager and financial advisor based in New York City, and a strong supporter of Senator Barack Obama for President. Senator Obama promises to raise my taxes and I will be happy to pay the proposed higher rates. Let me tell you why: I believe that paying taxes for worthy programs that help to strengthen America such as early childhood education, improvement in school programs, providing loans to students for college and supporting better pay for teachers, police, fire services and providing social services to the needy are part of my civic duty as a responsible and patriotic citizen. I do not mind paying taxes, but I do care that my taxes are not wasted on an unnecessary war and subs  . . .[read more]
-- Ian D. Quan-Soon, MBA, CFP, President, IQ Financial Services, Inc., New York, NY
         We need to work to make the economy fundamentally sound again. That involves fixing the mess on Wall Street and making investments in the areas of our economy that have been neglected too long: health care, energy, and education. Sensible investments in those areas will promote US economic growth now and for the next several decades.
-- David Cutler, Research Associate, National Bureau of Economic Research, Professor of Economics, Harvard Univeristy, Cambridge, MA
         My support for Barack Obama is based upon multiple factors including science policy. I have no question that our country needs his leadership, and I am optimistic about our country's future. The real work begins in January, and we should all get behind our new President.
-- Peter Agre, M.D., Nobel Laureate in Chemistry, Director of the Johns Hopkins Malaria Research Institute, Baltimore, MD