Tax Policies of McCain and Obama

Ken AshfordEconomy & Jobs & Deficit, Election 2008Leave a Comment

The Tax Policy Center today released an exhaustive comparison of the tax plans of Barack Obama and John McCain.

The graph below shows the change in income (up being more income, down being less income) under the Obama (blue) and McCain (reddish) tax plans.


Bottom line:  The people who need money the most will benefit most from Obama’s plan; the people who have tons of money will benefit most from McCain’s plan.

Oh, and middle-class families would do better under Obama (who would cut their taxes by $1000 in 2009) than McCain (who would cut them by only $300).