Obama/McCain Tax Policy Analysis

Here is a good analysis of where Barack Obama and John McCain stand on tax policy issues.

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In 1962, John F. Kennedy said, “It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise revenues in the long run is to cut the rates now…The purpose of cutting taxes now is not to incur a budget deficit but to achieve the more prosperous, expanding economy which can bring a budget surplus.” In 1963, in his annual message to Congress, President Kennedy said, “In today’s economy, fiscal prudence and responsibility call for tax reduction …[R]educing taxes is the best way open to us to increase revenues.”

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