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McCain repeats the "Obama will raise taxes" line he's been putting forth for months.
Look, here's the deal people. Obama's plan and McCain's plan will both cut taxes on middle income families pretty much equally. Obama's would significantly cut taxes on the poor and lower middle class, while McCain's would do almost nothing. The only place Obama's plan raises income taxes is on the super, super rich, the top 1 percent of income earners. McCain's would cut taxes significantly for that same group of super rich.
So yes, in truth, McCain's argument is correct. Obama will raise taxes -- on the super rich. But it's fundamentally dishonest in context. Here's my more detailed analysis from a few months ago.
--Sean Mussenden
Look, here's the deal people. Obama's plan and McCain's plan will both cut taxes on middle income families pretty much equally. Obama's would significantly cut taxes on the poor and lower middle class, while McCain's would do almost nothing. The only place Obama's plan raises income taxes is on the super, super rich, the top 1 percent of income earners. McCain's would cut taxes significantly for that same group of super rich.
So yes, in truth, McCain's argument is correct. Obama will raise taxes -- on the super rich. But it's fundamentally dishonest in context. Here's my more detailed analysis from a few months ago.
--Sean Mussenden