VP for Economic Policy Michael Ettlinger has the facts and observes that the McCain family would receive a $55,000 tax cut under McCain’s capital gains tax proposals. That, I believe, is more than the median household income in the United States, so obviously the typical person would get much less than that. The McCains income in 2007 was $4,602,437.
Again, you can see why they’re opposed to spreading the wealth around. But how many Americans really join McCain in the belief that we need to concentrate the wealth more narrowly in the hands of the wealthiest families?