McCain Offers Tax Windfall for Cindy the Beer Heiress
By Jon Perr Thursday Oct 30, 2008 2:27pm
As Election Day nears, John McCain continues to deploy Joe "the Plumber" Wurzelbacher as a human shield against Barack Obama and his plan for middle class tax cuts. But while Wurzelbacher himself admitted he would fare better under Obama, another of McCain's representative Americans is set to receive a massive windfall if the Arizona Senator is elected. No doubt about it, Mrs. McCain - Cindy the Beer Heiress - would pocket hundreds of thousands of dollars thanks to her husband.
That the McCains are fabulously well off - as the $100 million beer distribution fortune, the 11 homes, 13 cars and a private jet attest - goes without saying. And as she reported in her two-page IRS summaries, Cindy McCain earned $6.1 million in 2006 and another $4.2 million in 2007. (Most came courtesy of her late father's Hensley & Company, Arizona's leading distributor of Anheuser-Busch products including Budweiser.)
But while as many as 100 million Americans would receive no benefit from President McCain's tax proposals, his wife would be awash in new-found cash. As the Center for American Progress detailed in June, the McCains would reap a $373,000 bonanza should he win the White House:
McCain favors making the Bush tax laws permanent, and also plans to repeal the Alternative Minimum Tax, double the dependent exemption and offer tax breaks on business income...Had McCain's tax proposal been in place in 2006, [they] would have done incredibly well - saving even more than they did under the existing Bush plan. John and Cindy McCain would have walked away with $373,429 in their pocket.
Of course, given that McCain's tax plan is radically more regressive than even that of President Bush - it delivers 58% of its benefits to the wealthiest 1% of American taxpayers - it's no surprise Cindy the Beer Queen can expect a jaw-dropping payout.
But Cindy's winnings don't end there.
As both the financial crisis and his slump in the polls deepened, John McCain two weeks ago proposed slashing capital gains taxes (a halving from from 15% to 7.5%). Again, the gains from his scheme go overwhelmingly to the richest Americans (almost 60% of its benefits to families earning over $1 million a year), including his wife:
The McCains made $746,395 in capitals gains last year. A new analysis by Michael Ettlinger, Vice President for Economic Policy at the Center for American Progress Action Fund, reveals that McCain's capital gains cut would have reduced the McCains' taxes by $55,980 in 2007.
And those dollars pale in comparison to what Cindy McCain would bank for tax year 2008. That's when Cindy McCain is set to earn a staggering multi-million dollar pay-day from the acquisition of Anheuser-Busch by the Belgian beverage giant, In Bev.
As the Wall Street Journal reported in July, Mrs. McCain runs the third largest Anheuser-Busch distributorship in the nation, and owns between $2.5 and $5 million in the company's stock. Amazingly, while Missouri's politicians of both parties lined up to try to block the sale, John McCain held a fundraiser in the Show Me State even as the In Bev deal was being finalized.
Two weeks ago, Joe the Plumber acknowledged his tax bill would drop under a President Obama:
So today, Joe, who said he makes much less than $250,000, reluctantly admitted Obama would lower his taxes.
"I would, if you believe him, I would be receiving his tax cuts," Wurzelbacher said.
And so it goes. As it turns out, John McCain doesn't have Joe the Plumber's economic interests at heart. Cindy the Beer Heiress is another matter. Apparently, charity really does begin at home.
(Crossposted at Perrspectives.)
Login or Register to post comments.
Let's see what Queen Cindy treats John after he loses the election. Maybe their a new man on the side waiting in the wings or Cindy could take away John's spending money and send his to PayLess for his shoes. I admire Queen Cindy for keeping the man she brought so many years ago but like an old pair of shoes or car it's time for Cindy to buy something new.
It's the other way around...
He will cheat on her with Sarah Palin, and then dump her, marry Palin, and five years from now when it's all said and done, he will say in a TV interveiw "how he was weak, and how he should have been a better husband".
He did the same thing to his first wife.
Cindy might get all pissy if her husband cut off those great tax cuts and then she might toss her husband's ass right out the door.
He'll just live in one of the other 6 houses
If Cindy didn't throw his ass to the curb after he called her a c*nt - in public - Johnny boy ain't goin' nowheres.
One only can imagine why a woman who looks like Cindy (she is quite attractive in a cold-fish sort of way) and has millions more than I could ever imagine keeps his nasty ass around. I imagine she has some brains, too, for her business hasn't tanked since daddy died and I understand she heads it, so that's pretty well the triumvirate; looks, some level of brains and money, lots and lots of money. I mean, isn't that what just about every man would want?
That must be love on her part...a love I, personally, cannot imagine.
Do they need another house or something?
repeal of the alternative minimum tax.
It hits, for complex reasons, the middle class much harder than it hits the upper 5% of income earners.
President Obama also should get behind making hedge fund managers' compensation taxable as regular income. Currently, once again for some complex reasons, it's taxed at favorable capital gain tax rates.
just another new outfit for Cindy?
I'm amazed that some middle class people still don't get it. I live in "Foreclosureville", MI. We've had at least 6 on our street in the past few months. The problem here is so bad that finance companies have begun letting the owners remain in their foreclosed homes until after the sale, with the understanding the buyer will probably give them only 30 days to be out. A house two blocks from us has had the foreclosure auction notice up for a couple of weeks. The owners are still there, and have proudly surrounded the notice with their McCain sign along with campaign signs for other republicans. They've had 'em up every election and foreclosure be damned they're still voting McCain.
Morons.
What middle class? There is only upper and lower. Those people have to be dimmer than a burnt out bulb.
You can't argue or reason with people like that. Logic has no affect on those who are either incapable of logical thought or simply refuse to engage in logical thinking.
I think the psychology here is that they truly believe they will someday be able to take advantage of the millionaire tax cuts. Same thinking that kept serfs laboring away as their reward was just around the corner and down 6 feet.
...his wife's wealth betweeen Gucci, Prada, Saks Fifth Avenue and Needless Markups (Neiman-Marcus) while 100 million Americans are left deciding between a roof over their head or food on their tables.
Hey John "Insane" McCain; why don't you just drive the Not-So Straight Talk Express into the sunset and don't look back.
It's way past time the ultra rich begin making sacrifices and start acting like American citizens instead of their own gated community. If they don't like it, tough beans. I'm sick of their thinking their shit don't stink like the rest of us.
Viva la revolution!
While WcCain snoozes and dreams of naplam and 100 year wars, Cindy employs 'Joe' Keating to unblocking some pipes.
If anybody ever wondered how 'Joe da Plumber' met John 'da Bush', it most likely was through Cindy.
'Oh John, you are back early, this is Joe the Plumber...'
"She fancies a bit of rough..."
You can't argue or reason with people like that. Logic has no affect on those who are either incapable of logical thought or simply refuse to engage in logical thinking.
(Edit: This was meant to be in response to Gretchen, above. Sorry, still getting the hang of the new format.)
Cindy won't leave. If she didn't leave after the 'trollop c*nt' comment, she's his.
Too pilled up and stuck in a rut to leave from the abuse.
The tax cut was how he was going to pay her back for the use of the private jet. When CindyLou actually has to pay that InBev tax bill, she might go Lorena Bobbitt on Grampy. (Not that he needs that thing anyway.)
has that perminant look on her face. just right for holloween.
And I ain't kiddin!
That must really gall Cindy Lou.
Bush's tax cuts have created the largest wealth gap in a generaton. I posted this on another string but I think it is approriate here as well. Ecomonic inequality is bad for any economy. Wealth does not create jobs by itself, DEMAND CREATES JOBS. The simplified explanation to myself goes like this: You make and sell 'thing-a-ma-bobs' that sell for a dollar each. There is $100.00 in the 'economy' and a hundred potential customers. If each person has a dollar, then each person can afford one of your 'thing-a-ma-bobs' and sales go through the roof, profits go up with demand, you hire more workers, more jobs, more money for everyone etc etc. Now if you distribute the money under our current system, (trickle down economics: 5% of the people have 50% of the money) then 5 people have $10.00 each and the other 95 are left with about .50 cent each. Well now you'll only sell 5 'thing-a-ma-bobs' at most, instead of a 100. Sales plummet, you have to lay off people, profits fall, no job creation etc etc. Very simplfied, but even a dumb o' carpenter like me can understand that.
Cindy the Overly Botoxed Beer Heiress needs to lighten up on her use of the nerve toxin.
but 4000 school children were, bussed in by the RNC to augment the mere 2000 (minus Joe) fools attending WcCain's empty space.
And who paid for these kids to go there and be bored and threatened by the GOP sex offenders !
http://www.huffingtonpost.com/2008/10/30/joe-...
But Joe was defiant, prob had a toilet to unblock somewhere.
McCain Offers Tax Windfall for Cindy the Beer Heiress
Cheap beer always gives me the winds
But it never was strong enough to make me fall to the floor
Recently.
How old is mcgramps when a woman half his age looks like a GNOLF?
What's a GNOLF. Just wonderin'
... with the election over, she'll be able to return full-time to her main passion -- finding 101 Dalmatian puppies with which to make her new coat!
Joe the Plumber didn't show up at the McCain rally this morning. Even if you've got eleven homes and the plumber promises he'll be out the first thing in the morning he doesn't show up until the afternoon.
I guess John wants to make up to Cindy for that c*nt remark after she tweaked him about his lack of hair. It's the age old question: "What do you get for the woman who has everything?"
"the McCains would reap a $373,000 bonanza should he win the White House"
373K is a nice big number for 95% of Americans but it is chump change for cindy the richwife. she wore and dress and jewels that cost nearly that much at one evening of the convention.
is the correct derisive name, thank you.
She comes as a set with Caribou Barbie.
Just in case anyone is interested... this is the site of this laughable Amateur Right Wing Pundit:
http://gatewaypundit.blogspot.com/2008/10/joe...
His comment are pretty funny. I've never seen so many idiot Rush-sucking opinions in one place.
Login or Register to post comments.