Alexander Sewell

Congress already reduced the capital-gains tax rate from 20 to 15 percent in 2003

Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains

U.S. taxpayers with the very highest incomes pay income taxes worth only 18 percent of their income on average, compared to 25 percent for the typical American.

Households earning over $200,000 a year would receive 93 percent of the benefits from the McCain capital gains tax cut. In fact, two-thirds of the tax cut would go to individuals earning over $1 million a year.

The U.S. Government Accountability Office reports that it will take years and cost about $200 billion to repair or replace equipment that was worn out or broken in the Iraq war.

Two studies found that about half of families facing foreclosure reported that their financial difficulties were caused by health care issues such as unmanageable medical bills or missing work due to a medical problem.

McCain’s plan will sink anyone with a pre-existing condition. Plenty of families won’t be able to obtain health coverage at any price, since the McCain plan offers no protection for those with pre-existing conditions.

The health care tax exemption does more than lower families’ tax burden; it also provides an incentive for businesses to offer health care benefits to their employees. Without the exemption, an estimated 11 million to 27 million people nationwide will lose their employer-sponsored health insurance.

Congress already reduced the capital-gains tax rate from 20 to 15 percent in 2003

Today, the top federal income-tax rate for ordinary income is 35 percent, meaning that earned income is taxed at a rate 2 1/3 higher than income from capital gains

U.S. taxpayers with the very highest incomes pay income taxes worth only 18 percent of their income on average, compared to 25 percent for the typical American.

Households earning over $200,000 a year would receive 93 percent of the benefits from the McCain capital gains tax cut. In fact, two-thirds of the tax cut would go to individuals earning over $1 million a year.

The U.S. Government Accountability Office reports that it will take years and cost about $200 billion to repair or replace equipment that was worn out or broken in the Iraq war.

Two studies found that about half of families facing foreclosure reported that their financial difficulties were caused by health care issues such as unmanageable medical bills or missing work due to a medical problem.

McCain’s plan will sink anyone with a pre-existing condition. Plenty of families won’t be able to obtain health coverage at any price, since the McCain plan offers no protection for those with pre-existing conditions.

The health care tax exemption does more than lower families’ tax burden; it also provides an incentive for businesses to offer health care benefits to their employees. Without the exemption, an estimated 11 million to 27 million people nationwide will lose their employer-sponsored health insurance.