October 16, 2008 12:37 PM | | Bookmark and Share

One of the most passionate, and most confused, debates taking place during this election season is the debate over federal tax policy. Both presidential candidates, Barack Obama and John McCain, are proposing large tax cuts that would reduce federal revenues that are needed to fully fund public services. But the tax plan proposed by Senator Obama is far less expensive, and far more of the benefits are directed towards lowand middle-income people.

Citizens for Tax Justice has estimated the effects of the tax plans of each candidate. The nearby table includes figures for 2012, a year in which most of the provisions in both candidates’ tax plans would be fully in effect.

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