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NBC Video: Analysis of Obama & McCain’s Tax Plans

Posted By Jim On 09/27/2008 @ 12:14 pm In Taxes | No Comments

Earlier this year, I wrote a post outlining the projected impact of both the Obama and McCain tax plans [3], as analyzed by The Tax Policy Center. NBC recently produced a two and a half minute piece about the two.

A huge point that the piece makes is that we don’t know how the recent bailouts will affect tax plans going forward. Both plans were introduced in a world where the government didn’t own Freddie Mac, Fannie Mae, or an 80% piece of AIG (and not in discussions for a $700B bailout package!). I personally think that the tax cuts proposed by both sides will be impossible and you’ll have a case of George H.W. Bush’s “Read My Lips, No New Taxes” flip.

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[3] Obama and McCain tax plans: http://www.bargaineering.com/articles/obama-vs-mccain-tax-plans-obama-saves-you-more.html

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