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The majority of taxpayers would see a bigger tax cut under Obamas plan than McCains.

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Breeze54 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-05-08 03:11 PM
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Edited on Fri Sep-05-08 03:21 PM by Breeze54
Obamas Tax Plan Better for Working Families Than McCains

by Seth Michaels, Sep 4, 2008

As the Republican Convention continued Tuesday night, former Sen. Fred Thompson (R-Tenn.) brought out a tired old talking point in his speech, one that Sen. John McCain and his allies have been pushing all year and that corporate interests have been trying to sell for decades. Its the old tax hike scare.

Thompson and McCain are flat-out wrong when they allege Sen. Barack Obamas proposed economic plan would raise taxes on millions of working families. In reality, his plan would give tax cuts to nearly all working families.

Source: The Washington Post

The Tax Policy Center has done intensive analysis of the two candidates tax proposals and their public statements and found that the majority of taxpayers would see more relief from Obamas plan than McCains. The Washington Post has created a chart that explains exactly what each candidates tax plans would mean for different income levels, and the analysis points to stark differences.

Obamas plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy.

Theres even a website, where you can calculate the estimated tax cut Obamas plan would give youand compare it to what you would see under McCains plan.

Obamas plan gives tax cuts to 95 percent of working families. The overwhelming majority of taxpayers would see a bigger tax cut under Obamas plan than McCains. As The Washington Post chart shows, 60 percent of taxpayers would get a tax cut three times as big from Obama as from McCain. Thats real money in the pockets of hardworking families.


Please spread this information everywhere, especially swing states!!!

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