Obama Vs. McCain on Taxes

11Jun08

Just came across this article on CNNMoney about tax plans by Obama and McCain. It gives a good breakdown by income group. It gives a pretty clear picture as to where the Republican vs. Democratic priority line breaks down.  Obama raises taxes on higher income groups and McCain cuts taxes across the board.  Obama’s breakdown has a larger cut for lower and middle income groups.

 Obama Vs. McCain

My main criticism of both is that they create a larger deficit across the board. But, an argument that both may make is that by giving money back to people, they will spend more and thus stimulate the economy. A stimulated economy will eventually pay back the deficit over time.  Obama’s plan is about $1 trillion less than McCain’s. 

I hope that Republican-leaning middle class folks in the red states see this information. Often, the #1 reason I hear that people vote Republican is for the tax cuts. Clearly, Obama’s tax cuts are greater for the largest majority of Americans.  

 

Advertisements


One Response to “Obama Vs. McCain on Taxes”


  1. 1 Which tax plan do you benefit from? « Clairblogience

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: