Due to a change in our URL, you may need to update your RSS reader. You can subscribe using the following RSS feed:
or, use the following links:
Subscribe via RSS
Thank you for subscribing to SpesiousRiches! Please update your RSS reader to ensure that you don’t miss a single post!
You could be forgiven if you don’t know where the candidates stand on immigration. With the financial market meltdown in full swing and a full-blown media circus surrounding $150,000 shopping sprees and fair-weather fans, the press hasn’t had much time to talk about immigration. The Brookings Institution has published this fact sheet comparing the candidate’s plans that is worth reading.
So where do McCain and Obama stand on important features of immigration reform? As it turns out, despite what the ads would have you believe, not too far apart.
What was the top marginal federal tax rate for individuals in 1955?
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: