Kristy's Blog

From the Wall Street Journal:

Sen. John McCain, the Republican presidential nominee, is campaigning on a strong antitax platform. That includes extending President Bush’s income-tax cuts, raising the exemption for dependents and cutting the corporate income-tax rate.

Sen. Barack Obama, the Democratic nominee, is calling for higher taxes on high-income Americans — families making more than $250,000 a year and singles making more than $200,000. But he is also proposing tax cuts for lower- and middle-income households.

Sen. McCain stepped up his attack this week when he said that the Obama plan’s “billions of dollars in higher taxes would kill jobs.” An Obama aide responded that “Sen. McCain’s tax policy is an exercise in unprecedented fiscal recklessness” that would “explode the deficit.”