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While McCain has more often favored deficit reduction over tax cuts, [42] [43] he supports both, and has pledged not to rescind recent tax cuts in combination with reduced spending. [ 44 ] [ 45 ] [ 46 ] McCain believes that lower taxes will stimulate the economy, and that the current deficit owes more to overspending than to tax cuts. [ 47 ]
Blue states/districts went for Obama, red for McCain. Yellow states were won by either candidate by 5% or more. Nevada, Colorado, New Mexico, Virginia and Iowa were won by Bush in 2004 but were won by Obama by a margin of more than 5% in 2008. States where the margin of victory was under 1% (26 electoral votes; 15 won by Obama, 11 by McCain):
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Using numbers from the non-partisan Tax Policy Center, the website AlchemyToday came up with a calculator to see how much Barack Obama would raise your taxes. It's a nifty device that should help ...
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Graph of Obama and McCain tax-cut plans. Obama in pink, McCain in blue; income brackets run across the bottom, tax cut amounts on the left. (Incomes above ≈$250,000 fall off this graph) While McCain had historically opposed tax cuts in favor of deficit reduction, [22] [23] he supported tax cuts as part of his presidential campaign. [24]
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
Barack Obama John McCain Main article: United States presidential election, 2008 This article provides line graphs and bar charts of scientific, nationwide public opinion polls that have been conducted relating to the 2008 United States presidential election .