Friday

Who's REALLY planning tax cuts

The Washington Post breaks down the proposed tax policies of Sen. Obama and Sen. McCain.

McCain's trickle down plan gives ENORMOUS tax cuts to the top 0.1% of earners, but barely any relief to anyone else, unlike Obama's plan which does the following:

If you make $226,981 or less, you'll be getting a significant tax cut from Sen. Obama (up to an average of $2789 a year).
If you make between $226,982 and $603,402, you'll be paying slightly less than you are now.

If you make under $111,645, you'll be paying anywhere from $200-$800 less under Sen. Obama's plan than under Sen. McCain's -- for tax cuts that can average up to $1,290 less than you're paying now.

Again, McCain's false claims about Obama raising taxes are simply that: false claims -- not at all borne out by the facts. The "Repeat your lie over and over until people believe it's true" tactic has worked surprisingly well for George W. Bush -- we can only hope McCain's mimicry of that strategy fails.

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