Some mighty odd rhetoric this morning from the McCain campaign, which falsely claims that Barack Obama wants to raise taxes on everyone earning more than $42,000 a year. Boston Globe reporter Michael Kranish writes:
Democrat Barack Obama has proposed eliminating the federal income tax for senior citizens on income below $50,000, which his campaign says would mean that 7 million seniors would not pay the tax, with an average tax cut of $1,400….
McCain, meanwhile, has not proposed a tax cut specifically for seniors. “We haven’t tried to target every demographic, the way Obama does with a handout, so we don’t have that,” McCain economic adviser Douglas Holtz-Eakin said.
A “handout”? What is Holtz-Eakin saying? That tax cuts are just fine as long as they’re not targeted to low-income senior citizens?