Sunday, October 12, 2008

I'm not sure exactly when this is from, but it is a visual breakdown of the two candidates tax proposals...notice a glaring difference? How can McCain justify that his biggest breaks are for the top 1% - we've seen in the past eight years that a trickle down approach to the economy DOES NOT WORK. When are people going to realize this - a dollar today gets us no where close to what it did a year ago. I used to laugh when I heard folks like my parents talk about the cost of things when they were growing up - - - well 10 years ago when I was in high school, I paid $0.89 for a gallon of gas. What happened to that? I don't drive now, so I don't feel the increased gas prices the way I might if I in fact drove, but geezus!

The Washington Post

Obama and McCain Tax Proposals
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.

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