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Updated Analysis of the 2008 Presidential Candidates’ Tax Plans

Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next ten years, according to a newly updated analysis by the non-partisan Tax Policy Center. Both candidates prefer to compare their plans to the “current policy” baseline, which would extend the 2001 and 2003 tax cuts and indefinitely extend an indexed AMT “patch”—and collect nearly $3.6 trillion less than under current law over the coming decade. Against that baseline, Obama w
Published On:	8/30/2008
Submitted On:	8/30/2008 9:59:53 PM by Picka
Categories:	Business and Economy & Taxes

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