McCain's Tax Plan Would Cost $2 Trillion Over 10 Year

March 21, 2008
McCain's Tax Plan Would Cost $2 Trillion Over 10 Years

Since Democratic Sens. Hillary Clinton (N.Y.) and Barack Obama (Ill.) are so busy beating up on each other, somebody has to do opposition research on Sen. John McCain (R-Ariz.) nowadays. That would the Center for American Progress Action Fund, which Friday morning unveiled the first installment of its "Hyde Park Project."

McCain's tax plan, Gordon and Kvaal said, would cost more than $2 trillion over the next decade, delivering 58 percent of its benefits to the top 1 percent of taxpayers and just 4 percent to the bottom 60 percent of taxpayers.