Research Report An Updated Analysis of the 2008 Presidential Candidates' Tax Plans: Executive Summary - Revised September 15, 2008
Roberton C. Williams, Howard Gleckman
Display Date
Download Report
(69.43 KB)

Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next ten years, according to a newly updated analysis by the non-partisan Tax Policy Center. Compared to current law, TPC estimates the Obama plan would cut taxes by $2.9 trillion from 2009-2018. McCain would reduce taxes by nearly $4.2 trillion. Obama would give larger tax cuts to low- and moderate-income households and pay some of the cost by raising taxes on high-income taxpayers. In contrast, McCain would cut taxes across the board and give the biggest cuts to the highest-income households.
Research Areas Economic mobility and inequality Aging and retirement Taxes and budgets
Tags Fiscal policy Economic well-being Individual taxes Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center