According to the nonpartisan Tax Policy Center,
"These estimates make one thing clear. Senator McCain plans a radical downsizing of government. Slashing pork, earmarks, and underperforming programs would offset only a fraction of the revenues. Cuts the size of those he proposes will require slashing discretionary spending and entitlements, and probably even reining in defense spending. Small wonder he has backed away from his earlier pledge to balance the budget—meaning that these tax cuts, like the ones signed by President Bush, will be paid for by our children." (http://taxvox.taxpolicycenter.org/blog/_archives/2008/4/17/3644448.html)
The Tax Policy Center estimates that under Obama's plan "the middle fifth of the income distribution would receive an average cut equal to 2.4 percent of income ($1,042)." They estimate that under McCain's plan "those in the middle fifth of the income distribution would receive an average cut equal to 0.7 percent of income ($319)." (http://www.taxpolicycenter.org/UploadedPDF/411693_CandidateTaxPlans.pdf)
Don't be fooled. The McCain plan is just another remix of the Trickle-down Theory. Those of us who are not rich are expected to believe that money left in the hands of the rich will somehow magically trickle down to the middle class. This is the American dream in reverse: we are being asked to vote our future away.
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