Subject: [big campaign] FW: RELEASE: UPDATED REPORT: McCain's Tax Plan Would Have Saved The McCains $730,000
From: "Adam Jentleson (CAPAF)" <[email-masked]>
To: big campaign <[email-masked]>
Date: Thu, 23 Oct 2008 16:03:35 -0400
List-Id: <bigcampaign.googlegroups.com>

________________________________
From: Wonk Room, Center for American Progress Action Fund [mailto:[email-masked]]
Sent: Thursday, October 23, 2008 3:34 PM
To: Adam Jentleson (CAPAF)
Subject: RELEASE: UPDATED REPORT: McCain's Tax Plan Would Have Saved The McCains $730,000

[http://images1.americanprogress.org/il80web20037/dia/John/wonk%20room.bmp]

For Immediate Release
October 23, 2008

Contact
Adam Jentleson, 202.682.1611
[email-masked]<mailto:[email-masked]>

RELEASE: UPDATED REPORT: McCain's Tax Plan Would Have Saved The McCains $730,000

UPDATED REPORT: McCain's Tax Plan Would Have Saved The McCains $730,000<http://wonkroom.thinkprogress.org/2008/10/23/updated-report/>

WASHINGTON, DC-An updated analysis<http://www.americanprogressaction.org/issues/2008/pdf/mccainobamataxreturns.pdf> of the Obama and McCain tax plans by the Center for American Progress Action Fund finds that John and Cindy McCain would have saved $730,000 over 2006 and 2007 under McCain's tax plan.

Under Obama's proposed plan, the McCain's would have saved $62,000 over the same two years.

Read the full analysis here.<http://www.americanprogressaction.org/issues/2008/pdf/mccainobamataxreturns.pdf>

[http://wonkroom.thinkprogress.org/wp-content/uploads/2008/10/mccain-obama-tax-plan.jpg]

This analysis incorporates the effects of John McCain's new controversial proposal to temporarily cut the capital gains tax to 7.5% from 15%, a cut whose benefits go overwhelmingly<http://wonkroom.thinkprogress.org/2008/10/15/mccain-cut-millionaires/> to those making over $600,000/year, as well as other recent modifications to the McCain and Obama proposals.

John McCain's $300 billion tax plan is heavily skewed<http://wonkroom.thinkprogress.org/2008/03/21/mccain-norquist-agenda/> towards corporations and the wealthy and does nothing<http://wonkroom.thinkprogress.org/2008/09/15/mccain-will-cut-taxes-for-literally-everyoneexcept-100-million-households/> for over 100 million Americans.

[http://thinkprogress.org/wonkroom/wp-content/uploads/2008/06/obamatax1.JPG]

It sure wouldn't do nothing for John and Cindy McCain, though.

The Center for American Progress Action Fund<http://www.americanprogressaction.org/> is the sister advocacy organization of the Center for American Progress<http://www.americanprogress.org/>. The Action Fund transforms progressive ideas into policy through rapid response communications, legislative action, grassroots organizing and advocacy, and partnerships with other progressive leaders throughout the country and the world. The Action Fund is also the home of the Progress Report.

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