After all the lies we heard coming out of the RNC, and since the Republicans had their chance yet choose not to talk about REAL ISSUES for an entire week, let's take a closer look at the differences between Obama and McCain's policies that affect working families most.
BARACK OBAMA
- Obama Offers Middle-Class Tax Cuts That Are Three Times The Size Of McCain’s. Obama’s plan calls for reforming the tax code so that it rewards hard work. That’s why the typical middle-class family will get three times more in tax cuts from the Obama plan than under the McCain plan.
- No Tax Increases For Families Making Less Than $250,000. If you are a family making less than $250,000, Obama’s tax plan will not raise your taxes – not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes. In fact, you are overwhelmingly likely to get a tax cut – one that is larger than what McCain is proposing.
JOHN MCCAIN
- McCain Offers Tax Plan That Ignores 101 Million Middle-Class Households But Not The Oil Industry, Which Would Receive A $4 Billion Tax Break. McCain’s economic platform rests on the premise that the nation’s economic challenges are minor and primarily psychological. McCain has not even proposed a short-term stimulus to help working families. His tax cuts ignore middle-class workers — about 100 million households, including 37 million seniors, would get no relief. Instead, McCain would spend nearly $2 trillion over a decade in tax breaks for corporations, including $4 billion a year for the oil industry. [McCain Town Hall, 1/24/08, West Palm Beach, Florida ; Obama Campaign Analysis, “Comparing the Obama and McCain Tax Plans”; Robert Gordon and James Kvaal, “Five Easy Pieces and Two Trillion Dollars,” Center for American Progress Action Fund, March 2008; “The McCain Plan to Cut Oil Company Taxes by Nearly $4 Billion,” Center for American Progress Action Fund, 3/27/08]
- McCain Wants To Continue Bush Tax Cuts For The Wealthy That He Once Criticized As Too Tilted To The Wealthy. Under the McCain plan, the wealthiest 0.1% of households – those making more than $2.8 million per year – will get a tax cut of nearly $600,000, while the average middle-class family would see a tax cut that is only one-third the size of Obama’s plan. In 2001, McCain said that he couldn’t vote for the Bush tax cuts in good conscience because they were too skewed to the wealthiest Americans.[MSNBC/FAU GOP Debate, 1/24/08; New York Times, 3/3/08; WSJ, 6/12/08; Nashua Telegraph, 6/12/08; Congressional Record, 5/26/01]
That's not change, that's just more of the same.
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