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  • First Hard Numbers on Obama Tax Plan Show Dramatic Tax Redistribution

    06/27/2008 9:32:11 AM PDT · by Reagan Man · 27 replies · 183+ views
    Tax Foundation ^ | June.26, 2008
    Senator Obama's tax plan is a dramatic redistribution of the nation's tax burden, according to a new Tax Foundation analysis. In Tax Foundation Fiscal Fact, No. 132, Tax Foundation president Scott Hodge uses revenue estimates from the Tax Policy Center to show that Obama's plan would greatly accelerate the decades-long trend toward a federal government that depends for tax revenue almost exclusively on a few high-income people. This contrasts starkly with the McCain plan, according to Hodge, which would give every taxpayer a cut and leave the current tax burden distribution approximately where it is. "Under the Obama plan for...