Politico falsely claims McCain’s tax cuts for the rich'aimed at middle class

[cal04]

Politico falsely claims McCain’s tax cuts for the rich are ‘aimed directly at the middle class.
http://thinkprogress.org/2008/10/12/politico-cap-gains-dividends/


In an “exclusive” story that appears to have been peddled by the McCain campaign, Politico’s Mike Allen and Jonathan Martin report that John McCain is considering “measures aimed directly at the middle class.” What measures? “Tax cuts – perhaps temporary – for capital gains and dividends.” Brad DeLong writes, “Capital gains and dividend tax cuts are simply not ‘economic measures aimed directly at the middle class’: the middle class doesn’t collect capital gains, or dividends, in any material amount.” Pat Garofalo breaks down the key stats:

As the Tax Policy Center has noted, under the current capital gains and dividends rate, 98.3% of the benefits go to the top 20% of taxpayers. The other 80% of taxpayers see only 1.7% of the benefits of today’s rate. 93.9% of the benefits go to the top 5%, and 84.8% to the 1%.


links
Exclusive: McCain to unveil new economic plans
http://www.politico.com/news/stories/1008/14493.html

THE AMERICAN PRESS CORPS IS WROSE THAN HILTER!!!11!!
http://delong.typepad.com/sdj/2008/10/the-american-pr.html

McCain’s Measures ‘Aimed Directly At The Middle Class’ Go Directly To The Wealthy
http://wonkroom.thinkprogress.org/2008/10/12/mccain-direct-middle-class/

[BlueManDude]

1. The "reporter" from Politico on CSPAN this AM was clearly spinning the ACORN

bullshit for the right wing. WTF is up with Politico?

[gravity]

2. They are just quoting the McCain campaign

They are talking about the McCain strategy for the political campaign, not analyzing the actual positions themselves. There is no reason to be upset here