TAX PLANS….Today’s LA Times headline on a story about Obama’s and McCain’s tax plans:
True to party doctrine, the GOP candidate’s economic proposals would ease the burden on the rich, while the Democratic candidate’s would increase it.
That’s admirably direct. And it’s even accompanied by a nice little chart showing McCain’s $32,000 tax cut for people earning more than half a million a year. Because God knows, after eight years of hoovering up virtually the entire economic growth of the country, there’s nothing America’s wealthy deserve more than yet another big tax cut.
UPDATE: On the other hand, Quiddity has a legitimate complaint about the Times’ chart here. They make it look like Obama will raise taxes on someone earning $117,000, but that’s not true. It’s just an artifact of using quintiles to measure the tax plans.