Alexander Sewell

Hometown: Silver Spring, MD
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  • Shared Declining Tax on Wealth (Fast Fact)
    October 17, 2008 - 10:24am

    The 1986 Tax Reform Act set the top rate at 28 percent and later legislation lowered it to 20 percent in 1997 and to 15 percent in 2003.

  • Shared Capital Gains Reduction (Fast Fact)
    October 16, 2008 - 11:00pm

    Congress already reduced the capital-gains tax rate from 20 to 15 percent in 2003

  • Shared Unfair Taxes, Benefit Wealthy, Hurt Middle Class (Fast Fact)
    October 14, 2008 - 11:00pm

    Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains

  • Shared Middle Class Pays More in Taxes (Fast Fact)
    October 14, 2008 - 11:00pm

    U.S. taxpayers with the very highest incomes pay income taxes worth only 18 percent of their income on average, compared to 25 percent for the typical American.

  • Shared Capital Gains Reduction For Top 5% (Fast Fact)
    October 14, 2008 - 11:00pm

    Households earning over $200,000 a year would receive 93 percent of the benefits from the McCain capital gains tax cut. In fact, two-thirds of the tax cut would go to individuals earning over $1 million a year.

  • Shared Costs of Worn-out Iraq Equipment High (Fast Fact)
    October 2, 2008 - 11:33am

    The U.S. Government Accountability Office reports that it will take years and cost about $200 billion to repair or replace equipment that was worn out or broken in the Iraq war.

  • Shared Medical Bills, Lack of Healthcare, Responsible for Many Home Foreclosures (Fast Fact)
    September 30, 2008 - 11:00pm

    Two studies found that about half of families facing foreclosure reported that their financial difficulties were caused by health care issues such as unmanageable medical bills or missing work due to a medical problem.

  • Shared McCain Health Care Plan Doesn't Work For The Sick (Fast Fact)
    September 30, 2008 - 11:00pm

    McCain’s plan will sink anyone with a pre-existing condition. Plenty of families won’t be able to obtain health coverage at any price, since the McCain plan offers no protection for those with pre-existing conditions.

  • Shared The Devil's in the Details: McCain Health Care Plan May Cause Americans to Lose Health Care (Fast Fact)
    September 30, 2008 - 11:00pm

    The health care tax exemption does more than lower families’ tax burden; it also provides an incentive for businesses to offer health care benefits to their employees. Without the exemption, an estimated 11 million to 27 million people nationwide will lose their employer-sponsored health insurance.

  • Shared McCain Health Care Tax Places New Burden on Americans (Fast Fact)
    September 30, 2008 - 11:00pm

    The tax credit McCain claims will offset this new burden would rise only at the rate of inflation—not the rate of health care costs, which grow much more quickly—so that by 2018 a family earning $40,000 a year will be paying $2,800 in higher taxes, even with McCain’s tax credit.