McCain's Tax Plan Favors Wealthiest, Analysis Says
The Wall Street Journal | June 12, 2008
By Deborah Solomon
Both John McCain and Barack Obama promise to cut taxes for the majority of Americans. But an Obama administration would redistribute income toward lower- and middle-class households, while a McCain White House would steer the bulk of the benefits to the wealthiest families, according to a nonpartisan analysis of the still-evolving tax plans of the presidential candidates.
Both plans risk causing more economic damage than improvement, according to the detailed study by the Washington-based Tax Policy Center. While some of Sen. McCain's tax cuts could lift economic activity, the "adverse effects of the resulting increased deficits may make the net ...
