Both Barack Obama and John McCain propose tax plans that will lower taxes, much to the surprise of many voters who still believe that only Republicans are capable of that.
However, a comparison of both plans conducted by the nonpartisan Tax Policy Center shows a vast difference: While the bulk of McCain’s tax cuts are designed to benefit the wealthiest 1% of tax payers, based on a continued belief in trickle-down economics, Obama proposes to lower taxes for 95% of Americans in an effort to shore up the middle class.
For eight years we were told that helping the rich would help everybody by growing the overall economy. Since that clearly hasn’t worked, why not try the other approach?
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