With only four days remaining until Election Day, here is a side-by-side comparison of Senator McCain’s and Senator Obama’s tax proposals from the Tax Policy Center, which has compiled information from both candidates’ platforms. The comparison breaks each plan into categories (such as new tax cuts, AMT, simplification, estate tax, and capital gains). Obama’s plan is the more progressive of the two, calling for new tax cuts that would affect 95% of Americans and to be paid for by an increase on the incomes of Americans earning more than $250,000 a year. McCain approaches fiscal policy squarely from the supply-side tradition: Cut taxes to encourage more economic activity, more supply of goods and services
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