MCCAIN RHETORIC: Obama Will Enact the Largest Tax Increase Since World War II. “No matter which of us wins in November, there will be change in Washington. The question is what kind of change? Will we enact the single largest tax increase since the Second World War as my opponent proposes, or will we keep taxes low for families and employers? This election offers Americans a very distinct choice about what kind of change we will have. This is especially true for the small business community.” [McCain speech to the NFIB, 6/10/08]
THE FACTS: Barack Obama is actually proposing a middle class tax cut. John McCain will provide nearly $2 Trillion in corporate tax cuts (paid for how?) and will make permanent the Bush tax cuts for the wealthy. Ordinary Americans will only see a small fraction of the tax cuts John McCain is providing.
Fact: Barack Obama is the Only Candidate to Propose Cutting the Capital Gains Tax Rate to Zero for Start Ups and Small Businesses
Fact: Barack Obama is the Only Candidate to Propose Tax Relief for Low and Middle Income Seniors
Fact: Less than 2 Percent of Small Businesses Would be Affected by Rolling Back the Bush Tax Cuts on the Wealthy
Fact: McCain’s Tax Plan is More Regressive than the Bush Tax Cuts; Nearly 60 Percent of the Benefits Go to the Top One Percent.
Fact: McCain's Health care plan would burden small business and make it harder for Americans to get health insurance.
Fact: McCain Supports the Bush Tax Cuts that He Once Said were “Too Tilted to the Wealthy,” and “Go to the Most Fortunate Among Us, At The Expense of Middle-Class.”
UPDATE with source link.