How to Talk About Politics You Don't Really Understand
By Yael Kohen and Lauren Iannotti
Taxes
Photo Credit: S. Huffaker/Getty Images
ISSUE
Taxes: Do we cut 'em to stimulate the economy or raise 'em to keep federal programs funded?
MCCAIN'S TAKE
Wants to cut taxes for the wealthiest Americans, slash the corporate tax, and offer a modest trim for the rest. Would repeal the alternative minimum tax.
OBAMA'S TAKE
Wants to raise taxes on those making over $250K and lower them for everyone else; would increase the capital-gains tax.
YOUR SMARTY-PANTS SOUND BITE
"Of course, in the '50s, the tax rate for those making over $400K was 91 percent. But who knows if anyone actually paid up-the IRS barely kept records back then. How do you think Pop-pop got the house on Martha's Vineyard?"
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