I love it when people ask, “how will Obama pay for the programs he’s proposing?” I’d offer, “how is McCain going to pay for the massive $4 trillion tax cut he is planning to implement?” If the Bush tax cuts were extended until 2018, they would cost LESS THAN HALF the current McCain proposals.

Check out this article from Salon.com for details on McCain’s proposed tax cuts to the wealthy. Salon, of course, is largely considered to be a liberal site, but the analysis was done by the Tax Policy Center. Here’s an excerpt:

The most in-depth comparison to date of McCain and Barack Obama’s tax plans was performed by the Tax Policy Center, a joint venture of the center-left Brookings Institution and Urban Institute that is nonetheless staffed by both Republicans and Democrats — co-director Eugene Steuerle was a deputy assistant secretary under Ronald Reagan — and is known for its methodological rigor. Its 38-page analysis found that McCain’s proposals would make the tax system even “more regressive” than permanently extending the Bush tax cuts of 2001 to 2006. McCain would accomplish this by following Bush’s blueprint and then supersizing it: providing “relatively little” tax relief to low- and middle-income earners, while giving “huge tax cuts” to the highest income brackets.

If you’re planning on voting for McCain, I’d just like to know how much further in debt you expect the country to be when his four or (god help us) eight years are up? I’m just curious how you think the government is going to tackle a $4 trillion shortfall on top of the generation-repressing debt we’re under right now?

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