Obama and McCain Tax Proposals
June 9th, 2008 posted by Bender Rodríguez
The Washington Post has created a very descriptive graphic illustrating the difference between the Obama and McCain Tax Proposals. This should be affixed to the refrigerators of all US voters in the run up to the November 2008 elections.
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.
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