Lies from McCain are nothing new, but I was stunned last night to hear McCain tell a boldfaced lie in the debate about the essential feature of his own tax plan:
I've got some news, Sen. Obama, the news is bad. So let's not raise anybody's taxes, my friends, and make it be very clear to you I am not in favor of tax cuts for the wealthy.This isn't anywhere close to true, even if you look at it while upside down, backwards, squinting, and high on crystal meth--unless maybe McCain is trying to tell us that he is actually opposed to his own tax proposals.
The Tax Policy Center's tables show that under McCain's proposals, taxpayers earning over $1 million would get tax cuts averaging $335,792 in 2012. That's using the proposals McCain lays out in his stump speech, and comparing his proposal to current law.
Even if you ignore what McCain says his proposals are and instead use what his adviser Doug Holtz-Eakin says should be McCain's plan, AND you take the "tax cuts extended baseline," the McCain plan would entail tax cuts averaging $58,632 for those making over $1 million, according to this TPC table.