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Obama vs McCain on Taxes

CNNMoney had an interesting look at how Obama and McCain would change your taxes in an article titled “what they’ll do to your tax bill“. This article is a few months old, a more recent update is available from the Tax Policy Center, and is as recent as Aug 28. A look at either article shows that both candidates wish to lower taxes overall, but it’s clear that McCain would skew the savings toward the top earners, the 1%. I don’t wish to ‘soak the rich’, but you can see that there’s probably some reasonable medium. Obama wants to raise taxes on those making over $250K, and McCain would give the highest decreases to those same earners. I don’t like either candidates proposal. I say freeze the rates on the top 1%, no change, help those who really are hurting, and invest in the country’s future.

Joe

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