McCain likens Obama to European socialists - International He...
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Saved by 1 people (0 private), first by anonymouse user on 2008-10-19
- Cburell on 2008-10-19 - Tags elections08 , economy , taxes
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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.
Highlighted by cburell
on 2008-10-19 by cburell
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?
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