There’s a Big Difference in Candidates' Tax Platforms (Op-ed)

August 06, 2008

Original publication: Citizen-Times, Asheville, NC

Date of publication: August 6, 2008

"The bottom line is that the ultra-rich, the top 0.1 percent whose annual incomes range from almost $3 million to hundreds of millions a year, would pay an average of $1 million less in taxes in 2009 under President McCain than under President Obama, if their current proposals became law. President McCain would give them a big tax cut, and President Obama would give them a tax increase. Almost a quarter of the lost revenue in the McCain plan would be due to giveaways to the ultra-rich."