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
