Earlier this week, the non-partisan Tax Policy Center released a paper showing that Sen. Barack Obama’s (D-IL) tax plan “offers three times the break for middle class families” than the proposals of Sen. John McCain (R-AZ), which “would steer the bulk of the benefits to the wealthiest families.” On Fox News Sunday this morning, Weekly Standard editor Bill Kristol called the report “good for McCain” because it labels Obama as “a tax raiser” and he doesn’t think voters will be swayed when it’s pointed out that “it’s only a tax on the wealthy.”
But NPR’s Juan Williams strongly disagreed with Kristol, arguing that only the wealthy would view the end of the Bush tax cuts as “raising taxes.” “It’s almost like you guys are out of touch with what ordinary Americans are going through in this country,” charged Williams.
Fox’s Brit Hume responded to Williams with his usual condescending indignation, calling it “baloney” to claim that McCain wants “more tax cuts for big corporations” and “the rich to get richer off the tax code.” Watch it:
http://thinkprogress.org/2008/06/15/hume-mccain-baloney/Hume’s reactive cry of “baloney” just proves Williams’s point that he is “out of touch.” As the Tax Policy Center found, Obama’s plan provides the heaviest benefits to the poorest Americans while McCain’s plan gives its most significant income increases to the wealthy.
Regarding tax cuts for corporations, $175 billion would go directly to corporations each year under McCain’s tax plan. McCain’s plan would also give $3.8 billion in tax cuts to the five largest American oil companies and $2.8 billion to the nation’s largest energy and utility companies.
Transcript: Read the rest of this entry
Juan, how do you even sit in the same room with them
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
