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THE WASHINGTON POST REPORTS
“Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy.”
(washingtonpost.com)
JOHN McCAIN LOOKS OUT FOR THE WEALTHY
TAX CUTS FOR THE WEALTHY. McCain would provide $270,000 in tax cuts for the wealthiest 0.1 percent, who make $2.87 million a year.
(washingtonpost.com; Tax Policy Center Report, 9/12/08)
TAX ON OUR HEALTH CARE. McCain plans to create a new tax on working families by making employer-provided health benefi ts part of taxable income while giving the top 10 health insurance companies $1.9 billionin tax breaks.
(Health08.org, Forum, 10/31/07; Center for American Progress Action Fund, 3/27/08)
GIVEAWAYS FOR BIG OIL. In the Senate, McCain voted for George Bush’s tax breaks for Big Oil. Now he says that as president he would do more of the same—$3.8 billion in tax cuts to the fi ve largest American oil companies.
(Center for American Progress Action Fund, 3/27/08)
BARACK OBAMA WOULD CUT TAXES FOR WORKING FAMILIES
Obama’s Plan Would Give Tax Cuts to 95 percent of Working Families. Obama’s tax cuts would go to working families, not Big Oil. The Washington Post reports that 60 percent of taxpayers would get a tax cut three times as big from Obama as from McCain.
(ThinkProgress.org, 6/12/08; CBSNews.com, 1/17/07; washingtonpost.com; Tax Policy Center Report, 9/12/08; AFLCIONOWBlog.org, 9/4/08)
And Would Eliminate Income Taxes for Seniors Earning Less Than $50,000. Obama says, “My plan will eliminate income taxes for about 7 million seniors making less than $50,000 a year.”
(Quad-City Times, 9/21/07)
Who Will Help You?