So Saigon to your credit it is not apparent which plan you favor and why. For me both will increase the deficit and neither will drive jobs in todays model. The effect of eliminating capital gains is highly negative IMHO and it seems ridiculous millionaires like Romney should be paying around 13% total across income and payroll while the average citizen is paying around 40%.
It seems like the middle class is already reeling and the government isn't helping. While I don't like Obama's plan, I dislike it less than Romney/Ryan's plan.
Indeed - Romney's "plan" doesn't seem to exist yet, but from what we know about it, it seems to be just another plan to help the super rich become even richer. I think this would be disastrous for working and middle class familes, and ultimately disastrous for America as a society.
Obama's plan isn't what I would do myself - I'd rather see a nationwide VAT implemented, raise income from shares to a level close to the level of income tax, and reduce corporate taxes slightly.
But Obama's plan at least makes sense. It doesn't seem to be a step backwards, anyway.