October 25, 2008

Cincinnati Enquirer Interviews Senior Economist Gerald Prante on the Presidential Candidates' Tax Plans

"Election May Decide Tax Code Winners, Losers"

By James Pilcher

Yet many people at either end of the spectrum consider themselves middle class. And above and below those thresholds of $67,000 and $160,000, the tax policies of the two candidates have fairly stark differences.

"The difference is that Obama looks to redistribute the tax burden, make the pieces of the pie more equal, in other words, while McCain wants to grow the pie," said Gerald Prante, senior economist with the Tax Foundation, a Washington-based nonpartisan fiscal policy think tank.

While those are the objectives, Prante says, it's another question whether either plan will work.

[Read the full article here.]