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 McCains would have saved $62,000 over the same two years.
Read the full analysis here.
Barack and Michelle Obama would have saved $270,000 under McCain’s plan and $14,000 under Obama’s.
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.
It sure wouldn’t do nothing for John and Cindy McCain, though.