@DrOct - I reread my posts and cant figure out where you got the idea that I'm against progressive taxes. I'm ok with Progressive taxes, I wouldn't mind exploring a few alternate ideas, but they have problems too (flat tax, consumption tax, etc). My issue is that when the top marginal rate is higher than 50%, you actually get to keep less of your earned money than you are required to give away to the government. Under Obama's plan, the top rate will be 65% when Fica and SS are taken into account. I think that sucks!
The top 1% in the US earn 22% of the Adjusted gross income, yet pay 39% of the taxes. The top 5% earn 36% of the AGI, and pay 60% of the taxes. the bottom 40% pay NOTHING. I think that's fair on both sides, honestly. But the highest earners are certainly paying their fair share, don't you agree? If not, how much would you LIKE to see them pay? Maybe we should just have an absolute cap on income stating you are not allowed to make anything over X - in other words a marginal rate of 100%. I don't really understand the mindset of people who strive so hard to become so wealthy, I'd rather be comfortable and have time to spend with my family, but I'm sure glad they're here, because they are the ones who employ the rest of us. We cannot de-incentivize that kind of drive or innovation goes away.
If you really need to raise taxes to support the government, then by all means raise them and raise them fairly. But to only raise them on the highest income earners in order to give people who currently don't pay any taxes money back, that is wealth redistribution, plain and simple. And I disagree with it at a fundamental level. That has become the philosophy of the left, for some reason. It's the philosophy that scares me, not the actual numbers, because the philosophy isn't limited in their minds (or on the campaing trail where "rich" kept getting redefined - 250K, 200K, 150K, 96K) and I fear there is a huge potential for this to be a foot in the door of something far more close to socialism.
As far as Bush cutting the taxes on all brackets, I think that was good. However, he should have followed it with a corresponding DECREASE in spending, which he didn't. And the fact that he decreased the top bracket by 2% MORE than the other brackets? definitely a bad move. I don't want you to punish the high income earners for being successful, but damn, I don't want you to favor them over the middle class!! What was he thinking? Bad Bush!!
Finally you asked about McCain's tax plan - I haven't read it. I know that he's a republican with WAY more fiscally conservative values than Bush, so I trust that while his tax plan may have tweaks here and there - the mindset behind it is not "spread the wealth around" but "live within your means".
That's my 1 cent (I had to pay the other cent in taxes ;-)