Let’s not dither: we’re all in favor of lowering taxes and cutting federal spending, we’d all like to have more to spend on what we enjoy. McCain and his team have avoided releasing many specifics, but they rely on the old school attack that Obama will surely raise them on the middle class.
Fact check reveals: Obama will champion tax policies that will impact those who earn a quarter million dollars or more in any single year, while lowering taxes on those below $250,000 substantially. McCain will lower taxes on the top earners, and raise them for the middle-class.
Both candidates need money to fix the economy, and pay for the war Bush conducted without paying for yet, so even on the surface McCain’s claim to lower taxes is, at best, the path to economic chaos in the USA.