Thursday, October 2, 2008

McCainomics, Part 3

There are, of course, a myriad of issues that citizens should take into account when making their choice for president this year. One of the issues, however, that many people have at the forefront of their decision making process is that of taxes. The Republicans have always been good at misrepresenting whichever Democrat is running as a "tax increaser". One wonders if the crowds of middle Americans screaming and hollering their approval for McCain really know the numbers and the basic facts of the differences between McCain and Obama in terms of taxes. Well, here they are:

This chart published in the Washington Post from an analysis by the Tax Policy Center, says it all. As the New York Times also pointed out in an article this week about McCain's misleading statements about Obama's tax plan, "Under Mr. Obama’s tax proposal, those in the middle of the middle class — people earning $37,000 to $66,000 a year — would receive a tax cut of more than $1,000 a year, more than three times what Mr. McCain is proposing in his tax platform." Need we be any more clearer than that? The vast majority of Americans will do better under Sen. Obama's tax plan. Period. Full stop.

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