The economic visions of the presidential candidates in 2008 are dramatically different, and the contrast is most striking when they discuss taxation. Barack Obama will steal from the pages of English folklore and take from the rich to give to the poor; well, actually, to the middle class, who will benefit from major tax cuts. John McCain sees things differently, and he will cut taxes across the board - most heavily in the highest income bracket, who will see more than $250,000 pumped back into their wallets.
Source:Tax Policy Center via CNNMoney.com
(more…)
More on this topic
(What's this?)
Krugman Runs Stimulus Numbers and Finds Obama Plan Wanting
(naked capitalism, 1/6/09)
Obama Considering $310 Billion Tax Cut
(naked capitalism, 1/4/09)
Which candidate is better for dividend investors – Obama or McCain?
(Dividend Growth Investor, 9/16/08)
