UPDATED REPORT: McCain’s Tax Plan Would Have Saved The McCains $730,000
WASHINGTON, DC—An updated analysis of the Obama and McCain tax plans by the Center for American Progress Action Fund finds that John and Cindy McCain would have saved $730,000 over 2006 and 2007 under McCain’s tax plan.
Under Obama’s proposed plan, the McCain’s would have saved $62,000 over the same two years.
Read the full analysis here.
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This analysis incorporates the effects of John McCain’s new controversial proposal to temporarily cut the capital gains tax to 7.5% from 15%, a cut whose benefits go overwhelmingly to those making over $600,000/year, as well as other recent modifications to the McCain and Obama proposals.
John McCain’s $300 billion tax plan is heavily skewed towards corporations and the wealthy and does nothing for over 100 million Americans.
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It sure wouldn’t do nothing for John and Cindy McCain, though.