I hope this will clear up the myth that Obama plans to raise everyone's taxes. Below is a chart from the Washington Post of the proposed tax hikes by both McCain (in red) and Obama (in blue). According to McCain's plan, the more money you make, the more of a tax cut you will be getting. That means that people making over over six hundred thousand dollars a year will be getting another 3.4% tax cut and people making over 2.87 MILLION dollars will be getting another 4.4% tax cut. No wonder why Donald Trump is endorsing McCain. It looks to me that Obama and is looking out for the middle class and is also looking at ways to tackle the 9 plus trillion dollars of debt from the Iraq war.
And for a more descriptive way of looking at the recent history of Democratic tax policies vs. Republican tax policies, Art & Barb recently posted this cartoon (not sure of the original source) on their blog. You can't get any clearer that this!
(*edited...added the cartoon Tuesday morning)