Roberton Williams
In response to the deterioration of the economy and the decline in asset values, Senators McCain and Obama have offered new proposals related to unemployment compensation, retirement savings, taxation of capital gains, and job creation. Although the proposals would provide some benefit, they have significant shortcomings.
Read the full article
here William G. Gale and Benjamin H.
Harris Tax policy has been a major issue in the Presidential election campaign, with both candidates proposing extensive changes. The candidates take very different approaches to tax policy. The main differences are two: first, McCain’s plans would reduce revenues by significantly more than Obama’s; and second, McCain’s would be substantially less progressive, especially among very high income taxpayers. From the standpoint of growth or simplicity, both plans disappoint. It is hard to believe that either set of changes would have significant growth effects on the economy.
Read the full article
here As election day nears, take a look at the TPC blog, TaxVox, for analysis and commentary on the fiscal policy proposals of the presidential candidates. Tax and budget policy, health care, economic stimulus, and the twin financial and housing market crunches are all grist for the blog. TaxVox is provocative, non-partisan, and driven by the facts.
newsletter archive
