Obama Wins on Taxes
I don’t talk politics all that much on this site, but the fact that McCain is gaining ground on Obama despite being the poorer choice for every rational metric is driving me crazy. The image above is one of the most telling images about the disparity between McCain’s and Obama’s campaigns.
At first glance, McCain’s seems better because he just drops all taxes across the board. But you will then quickly notice that not all taxes are equal: the rich get huge tax breaks, and the poor get hardly any. Meanwhile Obama taxes the top 1% richest people more and gives the poorest much bigger tax breaks. 60% of tax paying citizens, the bottom three tax brackets, save anywhere from 3 to 50 times more money under Obama’s plan.
So the super-rich lose more of their income, but retain their super-richness, and the poor and middle class families get a tax break, all while losing less money overall allowing for the massive country deficit to be recovered faster. How is anyone still supporting McCain?
