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The Presidential Candidates' New Tax Proposals - October 27, 2008

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Publication Date: October 2008

Publisher(s): Tax Policy Center

Author(s): Roberton Williams

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Economics (Economic theory)

Keywords: Economic Well-being; Economic Well-being; Federal Budgets & Fiscal Policy; Taxes and Social Programs

Type: Paper

Abstract:

In response to the deterioration of the economy and the decline in asset values, Senators McCain and Obama have offered new proposals related to unemployment compensation, retirement savings, taxation of capital gains, and job creation. Although the proposals would provide some benefit, they have significant shortcomings.