Tag Archives: campaign
Answer to Yesterday’s Poll Question…
Filed under Uncategorized
Tagged as Barak Obama, business, campaign, capital gains, election, election 2008, flat tax, income tax, issues, jobs, John McCain, McCain, Obama, Politics, polititics, progressive, progressive taxation, public policy, Tax, Tax Policy, Taxes, vote, voter, warren buffett
McCain’s Economic Stimulus Plan – Give Millionaires a $75,000 Tax Break
In the wake of the current financial markets meltdown – and the meltdown of his own campaign – John McCain unveiled a set of initiatives aimed at stimulating the economy. The centerpiece of McCain’s proposal is a reduction of the capital gains and dividend tax rate from 15% to 7.5%.
McCain’s chief economic adviser, Douglas Holtz-Eakin described the proposal as being:
“targeted at people who have been hurt by the recent financial crisis — seniors, savers, workers, people who are trying to get to college.”
The Tax Policy Center fired up their computers to crunch some numbers on the McCain dividend and capital gains tax cut. The results are summarized below:
Filed under Economics, election, Politics, Tax Policy
Tagged as Barak Obama, campaign, capital gains, colorado, cost, dividend, economic policy, Economics, election, John McCain, McCain, Obama, ohio, pennsylvania, polititics, president, Tax, Tax Policy, Taxes, US President, virginia