Clay Burell on 2008-10-19
Isn't it clear that neither candidate will have the luxury of keeping taxes low in this meltdown, unless they do it at the expense of a greater debt and a greater burden on future generations?
Clay Burell's personal annotations on this page
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on 2008-10-19
--and the excerpt below shows we should liken McCain, tax-wise, to George W. Bush.
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McCain wants to retain all of the tax cuts that Bush won from Congress in 2001 and later years, reductions that applied at every level of income. Obama favors retaining Bush-era cuts except on taxpayers making more than about $250,000, whose taxes would revert to higher levels in effect a few years ago.
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Cburell on 2008-10-19Isn't it clear that neither candidate will have the luxury of keeping taxes low in this meltdown, unless they do it at the expense of a greater debt and a greater burden on future generations?
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This link has been bookmarked by 1 people . It was first bookmarked on 19 Oct 2008, by Clay Burell.
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Clay Burell
--and the excerpt below shows we should liken McCain, tax-wise, to George W. Bush.
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McCain wants to retain all of the tax cuts that Bush won from Congress in 2001 and later years, reductions that applied at every level of income. Obama favors retaining Bush-era cuts except on taxpayers making more than about $250,000, whose taxes would revert to higher levels in effect a few years ago.
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