September 16, 2008
Posted: September 16th, 2008 02:00 PM ET
McCain says Obama wants to raise taxes. True?
The Statement: "First of all, Sen. Obama wants to raise taxes," John McCain said in an interview on CNN's "American Morning" on Tuesday, Sept. 16. "I'm not going to raise anybody's taxes ... ." Get the facts after the jump!
The Facts By comparison, the Tax Policy Center analysis says McCain would offer tax cuts across the board. Those at the top end of the scale would get the biggest percentage cuts under McCain, while households with the lowest incomes would receive the largest percentage cuts under Obama's plan. Obama's plan would offer a tax cut for people earning up to $111,645 a year, according to the analysis. McCain also would offer relief to those taxpayers, but his cuts would be smaller. The center has different figures based on how the staff and economic advisers of both candidates have described the plans - as opposed to what candidates have said in their speeches. According to Obama's staff, even the top 20 percent of earners would, on average, get a small tax cut - with the top one-percent seeing the largest increases. McCain's staff says his cuts for people making roughly $66,000-$111,000 a year would get a slightly higher cut under his plan than Obama's and that his cuts across the board would be slightly larger than what McCain has said they would be. Filed under: Fact Check
|
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
@edhenrycnn: http://twitpic.com/ticr8 - Beat-up bankers chased by media after WH meeting
Updated: Mon, 14 Dec 2009 09:57:49 -0800 @psteinhauserCNN: Fourth House Democrat in the past month announces his retirement - http://bit.ly/4SJqYF
Updated: Mon, 14 Dec 2009 09:21:23 -0800 @KuhnCNN: Just posted: RT @PoliticalTicker: "Cabinet members: leave your BlackBerry at the door." http://bit.ly/5RBN1H
Updated: Mon, 14 Dec 2009 08:47:57 -0800 @HornickCNN: Congrats to my old boss Chuck Todd on his new 9 a.m. show!
Updated: Mon, 14 Dec 2009 01:27:49 -0800 @wolfblitzercnn: The XMAS in DC Musical Celebration (which President Obama and First Lady attended) airs on TNT Sunday, Dec. 20, 8 pm Eastern.
Updated: Sun, 13 Dec 2009 20:22:39 -0800 Categories
Archive
Popular Posts
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loading weather data ...