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The Obama Tax Plan - WSJ.com (broken link)
Messrs. Furman and Goolsbee are, respectively, economic policy director and senior economic adviser at Obama for America.
Obama supporters you may want to book mark this link so when the naysayers say tell us you can link them this as a starter.
Let's see, he is going to cut taxes for the middle and lower class by a greater amount than he will be raising taxes on high earners.
And he is going to lower the deficit by reducing war expenditures (but not a specific plan anymore (another change of heart)) medicare payout reductions (non-specific, but don't worry about it impacting anyone you actually know), farm payouts (how much is this total $?), reduce student loan subsidies (because he replaces it with a tuition give away instead), reforming earmarks (though he proposed many and McCain has been the Senate leader against earmarks by either party) and eliminate waste, fraud, contract abuse and other non-specific things that have been stated by every candidate since FDR.
Really fascinating stuff there, how does this impact the post 2010 slope again (I know I'm not getting the economics stuff, but just humor me and explain the ramp impact (Chart 1))?:
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