Being the WSJ, I expected this to be slanted toward John McCain. It doesn't work out that way.
- McCain's health plan is projected to cost $1.3 trillion in order to cover 5 million more people; that's $260 per person. Obama's is projected to cost $1.6 trillion to cover 34 million more people; that's $47.06 per person. Much more bang for the buck.
- "Free trade": McCain is unqualifiedly for it; Obama insists on labor and environmental standards, and using WTO agreements more effectively for American interests.
- Taxes: On Obama's plan, low and middle-income taxpayers pay less, upper-income more; $85 billion of tax-cut costs offset by raising capital gains tax and closing corporate loopholes. McCain's tax cuts will cost $500 billion per year, mostly benefit corporations and upper-income, no specifics on how to offset ANY of the cost.
- The estate tax already excludes up to $2 million, taxes estates over 2 million at 45%; is scheduled to exclude up to $3.5 mil next year, tax over that by 45%; be suspended in 2010 and return in 2011 excluding only up to $1 million. (So much for "eliminating the estate tax.") Obama proposes keeping the estate tax (no suspension in 2010) excluding up to $3.5 mil and taxing over that at 45% -- the currently scheduled 2009 level made permanent. Not as good for those who inherit in 2010; better for those who inherit in 2011 and after; just the same for those who inherit in 2009.
- Both Obama and McCain support education. Obama has a plan; McCain doesn't.
read more | digg story
0 comments:
Post a Comment