Obama vs. McCain On Taxes

In my view, we shouldn't cut taxes for anybody until the war is over and our budgets have been balanced. But it's hard to win an election on that platform, and let's be honest, we can afford a tax cut for the middle class IF we cut waste in the government, end the war in Iraq, and hike taxes on the super-rich.

Which seems to be exactly what Obama's plan is. It's basically a return to the Clinton approach, which you may remember turned massive deficits into a surplus and fostered a roaring economy.

Today, CNN broke down the differences between the Obama and McCain tax plans. Check out the tax cuts that McCain wants to give to the super-rich. He really is Bush's heir apparent.



Critics argue that both plans would increase the national debt. That's true, when looked at on their own. But McCain's plan would increase the debt three times faster than the Obama plan. Also, since McCain is planning 100 years in Iraq and he wants to bomb Iran, whereas Obama wants to end the war in Iraq and pursue tough diplomacy instead, I can see Obama making up for some of these deficits with cost-saving policies.

On this issue, as with so many others, McCain is pushing the loser argument.