Whether or not Sen. McCain is elected as America’s next president will determine our country’s future. The economic plans of each opponent played a large part in determining my vote. Some tax-relief proposals are shared by both candidates, and then there are the differences.

McCain promises to cut the capital-gains rates on securities to 7.5 percent, while Obama has proposed raising capital gains to 20 percent on households making more than $250,000. Also, McCain will allow investors to deduct more of their capital losses from their income tax, make Bush tax cuts permanent and decrease the death tax rate.

Obama’s promise to cut taxes for 95 percent of families and only increase taxes on those households who make $250,000 is ludicrous. The top 1 percent of the tax bracket cannot cover these lost taxes. No tax increases for 95 percent of American families?

Instead of helping create more wealth in America, Obama wishes to “redistribute” the current wealth of America by “trickling” it down to others. McCain understands that more taxes on the upper class will also hurt small businesses that cater to the upper class and in turn cause Americans to lose jobs.

Destroying the incentive to create wealth and work hard will only deteriorate the entire American economic system to one with socialistic qualities. If Obama didn’t know, the downturn on Wall Street has the greatest affect on pocketbooks of the top 1 percent in America who overwhelmingly own the majority of securities in America.

Really, Obama wants to heavily tax oil companies because they were greedy? Well, oil prices have dropped nearly half over the past year, and this isn’t because the oil companies are suddenly benevolent. On the other hand, McCain understands that heavy taxes on companies in America will cause them and jobs to go overseas.

I want “change,” and seeing that Democrats controlled the financial committees in Washington the past two years and the resulting mess on Wall Street, I can’t vote for more of the same.

Let’s put country first. That’s what John said.

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