Friday, September 19, 2008

Rich people know McCain won't raise their taxes - he'll raise yours

Will Barack Obama raise taxes?

Rich people, who pay experts - and campaign contributions - to track these things, know what John McCain won't tell you. Barack Obama will lower your taxes, unless you make $230,000 or more a year. John McCain will raise taxes on poor and middle-class Americans. The non-partisan Tax Policy Center separated fact from fiction.

WaPo: 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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