Friday, August 22, 2008

Different Roads on Tax Policy

This Week at the Tax Foundation

McCain, Obama Take Different Roads on Tax Policy

In a recent Tax Foundation Fiscal Fact, Robert Carroll, the Foundation's Vice President for Economic Policy, examines tax relief proposals from Sen. John McCain and Sen. Barack Obama. With the economy as one of the top issues among the American electorate this presidential election cycle, both candidates have been using the issues of health care, gas prices, and housing devaluation, among others, to preface their economic proposals. But Carroll explains that the candidates have significantly different tax policies that address these issues.

"Senator Obama has included a set of carefully targeted tax proposals that narrowly aim benefits to specific types of taxpayers, while Senator McCain provides broad tax relief with benefits that are indirect," says Carroll. "In both cases, tax relief is provided to the vast majority of the electorate."

Read the new Tax Foundation Fiscal Fact. More on the presidential candidates' tax plans.