Obama vs. McCain on Financial Matters Part 1- Taxes

Topic Obama McCain Sources
Taxes Overview: Raise Taxes for the super rich. Lower taxes for everyone else. The less money you make the more your taxes are lowered. Overview: Lower taxes for everyone. The more the money you make, the more your taxes are lowered Source 1

After visiting both the candidates websites (McCain on Taxes, Obama on Taxes), I found a lot more details on the Obama website about taxes than I found on the McCain website. Obama also has a Detailed Tax Plan (pdf) posted, while no such beast was easily found on McCains website. There is even a nice little calculator that shows me that Obamas plan will cut my taxes by $1800 while McCains will cut them by $60. However it remains to be seen if any of this actually happens.

Even though it seems that Obama will cut taxes more than McCain in general, Obama’s taxes will add about a trillion (yes that’s correct) less to the deficit than McCain according to CNN

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