One of the main ambitions for this site is to correct misperceptions rooted in McCain and Palin's false statements about Obama's tax plan. Despite the Republicans' best attempts to confuse you, here are three key facts:
- 95% of working families would have a tax cut under Obama's proposals.
- 100 million Americans would have NO tax cut under McCain's proposals.
- Most Americans would have a larger tax cut under Obama than under McCain.
I decided today to change the ObamaTaxCut.com link to this site rather than this one. The new one is more straightforward and I think easier for people to interpret. The numbers for both sites come straight out of three tables produced by the Tax Policy Center as part of their comprehensive analysis of the candidates' proposals. The tables are this one for elderly families, this one for married couples, and this one for singles and people filing as head of household.
For a description of the details of the Obama tax proposals, see this article by his advisers in the Wall Street Journal or this description on Obama's site. Here is our earlier commentary on McCain's tax plan.
If you're looking for a detailed, fully objective description and analysis of the candidate's proposals, you should see the Tax Policy Center's analysis of both candidate's plans. Here is the full report and the more manageable executive summary.