cybersteward.net

CtW Connect posts on some recent analysis of the respective tax plans of Obama and McCain.

Wonder whose policies will actually help you? According to Business Week, McCain’s caters to the rich, while Obama’s actually helps the middle class:

• Senator McCain’s tax cuts would primarily benefit those with very high incomes, almost all of whom would receive large tax cuts that would, on average, raise their aftertax incomes by more than twice the average for all households. Many fewer households at the bottom of the income distribution would get tax cuts, and those whose taxes fall would, on average, see their aftertax income rise much less.

• In marked contrast, Senator Obama offers much larger tax breaks to low- and middle-income taxpayers and would increase taxes on high-income taxpayers. The largest tax cuts, as a share of income, would go to those at the bottom of the distribution, while taxpayers with the highest income would see their taxes rise.

Read the article at Business Week, and ask yourself whose tax policy will benefit you.

Filed under: 2008 Presidential election, politics, poverty and wealth