McCain's Tax Plan Would Have Saved the McCains $730,000

Posted by Matt Corley, Think Progress at 2:56 PM on October 23, 2008.

If McCain's tax proposals had been in place he and his wife would have saved $730,000 over 2006 and 2007.

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Earlier this year, the Center for American Progress Action Fund calculated that Sen. John McCain’s (R-AZ) tax plan would have saved his wife Cindy and himself $373,429, based on their 2006 tax returns.

Since then, McCain has proposed additional tax cuts and Cindy has released another year of tax returns, so CAPAF re-calculated the McCains’ savings. Now, if McCain’s tax proposals were enacted, he and his wife would have saved $730,000 over 2006 and 2007.

Read the full analysis here.

Tagged as: mccain, tax

Matt Corley is a Research Associate for The Progress Report and ThinkProgress.org at the Center for American Progress.

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Tax cuts for who? John McCain,Duh! [Report this comment] Posted by: lewb on Oct 23, 2008 6:29 PM Current rating: Not yet rated [1 = poor; 5 = excellent] Once again we're fed crap about tax cuts. When are people going to stop buying this stuff. Unbelievable! [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5] Can you say... [Report this comment] Posted by: Xynyx on Oct 23, 2008 11:42 PM Current rating: Not yet rated [1 = poor; 5 = excellent] "Conflict of Interest"? [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5] There are two dollars now. [Report this comment] Posted by: elidude420 on Oct 24, 2008 2:12 AM Current rating: Not yet rated [1 = poor; 5 = excellent] $730,000 is more than I would have expected to make over a span of ten years, even when I was well-employed back in 2002. This is their two-year tax refund? I'm starting to see two different monetary systems here in the U.S. It's a shame they're both called "dollars." Let's find a way to differentiate the Aristocratic US dollar from the Real American US dollar. Maybe call one of them "Billions." [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

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