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Obama’s tax plan would offer middle class families three times more than McCain’s.

By Faiz Shakir on June 12, 2008 at 9:48 am

"Obama’s tax plan would offer middle class families three times more than McCain’s."


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According to a non-partisan analysis of the presidential candidates’ tax plans, Barack Obama “offers three times the break for middle class families” than proposals of John McCain, who “would steer the bulk of the benefits to the wealthiest families”:

Families making between $37,595 and $66,354 of annual income with Obama would get an average tax cut of $1,042 per family while McCain’s tax cut for this group would be $319, the report states.

The Wonk Room has more on the study by the Tax Policy Center.

UPDATE: In 2001, McCain said of the Bush tax cuts: “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle-class Americans who most need tax relief.” McCain is now proposing tax cuts that are more regressive than the Bush tax cuts.

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