Obama/Biden vs. McCain/Palin

[Reality_Check]

That looks like income taxes. Show me where he proposes to cut payroll taxes. And remember, payroll taxes affect those living paycheck-to-paycheck alot more than 'the rich'.

From the same source as my previous post:

Senator McCain's New Tax Cuts. I don't see a payroll tax cut.

"Increase the dependent exemption by two-thirds (phased in)

Reduce the maximum corporate income tax rate from 35 to 25 percent (phased in)

Allow first-year deduction of 3- and 5-year equipment, deny interest deduction (expires)

Convert R&D credit to 10 percent of wages incurred for R&D, make permanent

Suspend federal gas tax for summer 2008"

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Senator Obama's New Tax Cuts. That first one sounds like a payroll tax credit/cut.

"Refundable "Making Work Pay Credit" of 6.2 percent of up to a maximum of $8,100 of earnings

Refundable "Universal Mortgage Credit" of 10 percent of mortgage interest for nonitemizers

Eliminate income tax for seniors making less than $50,000 per year

Extend childless EITC phase-in range, increase phase-out threshold

Increase EITC phase-in rate to 45 percent for families with three or more children

Increase to $5,000 the add-on to EITC phase-out threshold for married filers

Make CDCTC refundable and increase maximum credit rate to 50 percent.

Make saver's credit refundable and change formula to 50 percent match up to $1,000 of contributions

Make permanent R&D credit and renewable energy production tax credit

Mandate automatic 401(k)s and automatic IRAs

Increase Hope credit: 100% match rate on up to $4,000"