Saturday, June 28, 2008

Old, Angry, But Very Much In Control--of his tax cuts..

Last week, the Center for American Progress Action Fund released a new report by Michael Ettlinger estimating that under McCain's tax plan, he and his wife, Cindy, would save $373,429. That's nearly $400,000 -- per year, not over the course of their lifetimes. (Under Barack Obama's plan, the McCains would save less than $6,000. The Obamas would save nearly $50,000 under McCain's plan, and slightly more than $6,000 under Obama's plan own plan.)

By the standards the media applied to Edwards, the fact that McCain supports tax policies that would save him and his wife nearly $400,000 a year -- and require massive cuts to public services to pay for those tax breaks -- should surely be news. Unlike the media's focus on Edwards' wealth, which did nothing to help voters understand the substance of his proposals, McCain's potential savings under his tax plan actually would help illustrate how much the wealthy would benefit from the plan.

h/t Media Matters and Atrios

cross posted at No More Mr. Nice Blog.