Stay updated with breaking news from Candidate tax. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Senator John Kerry's tax plan slows economic activity until 2011,when it generally adopts President George Bush's approach ofpermanent tax cuts. Even so, the Bush plan consistently outperformsthe Kerry plan. President Bush relies on supply-side tax changeswhile Senator Kerry focuses much of his attention on demand-sidepolicy with targeted tax policy changes that yield the unintendedconsequence of producing a tax cut for high-income taxpayers after2011. ....
The results in this paper are based on the specific tax policy proposals of Senator Barack Obama and Senator John McCain. The economy improves under each plan as compared to the CBO baselinethat assumes that all of the Bush tax cuts disappear. While bothcandidates plan to reduce taxes compared to this scenario and eachachieves his stated goal, their approaches are quite different. ....