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Think Obama will increase your taxes? Not so fast.

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posted on Jun, 11 2008 @ 11:08 PM
Unless you make over $112,000 per year, Barack Obama's tax reform plan puts more money back in your pocket than John McCain's.

The majority of Americans (those making under $112,000 yearly) will receive greater stimulus than they did under George Bush and the would under John McCain.

Another point of interest:

Under both plans, all American taxpayers could pay a price for their tax cuts: a bigger deficit. The Tax Policy Center estimates that over 10 years, McCain's tax proposals could increase the national debt by as much as $4.5 trillion with interest, while Obama's could add as much as $3.3 trillion.

I'm not in favor of increasing the government surplus at all, but it's essentially impossible not to do so given the past 8 years. However I feel that 1.2 trillion dollars more is not worth it when I personally will be getting less back in tax breaks.

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