Tuesday, August 05, 2008

A Middle Class Tax Cut?

Both Senator Obama and Senator McCain have proposed middle class tax cuts. What do they look like
side by side? (McCainpedia)

Family OBAMA PLAN McCAIN PLAN
Married couple without children making $60,000 $1,500
includes $1,000 Making Work Pay tax cut and $500 universal mortgage credit
$0
A 70 year-old widow making $35,000 $1,900 $0
Married Couple making $90,000 $1,000 $125
Married Couple making $60,000 with two children, one of whom is in college. $3,700
includes $1,000 Making Work Pay tax cut; $500 universal mortgage credit; and $4,000 college credit net of current college credits
$125


Let me make it simpler:
OBAMA McCain
$1,500 > $0
$1,900 > $0
$1,000 > $125
$3,700 > $125


Which one looks better for you?