Tuesday, September 16, 2008

Tax Policies of McCain and Bush

One last bit of interesting information. This is was from the WaPost a few weeks ago. It takes a look at the tax policies presented by both McCain and Bush. I will let the study speak for itself, worth a look.

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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