Higher tax rates mean a lower budget deficit. According to the Tax Policy Center, over the course of a decade Obama's plan would result in a national debt $1.2 trillion smaller than you would get under McCain's plan. Less government borrowing ultimately means lower interest rates and more private investment. This positive effect may well outweigh the blow to growth and jobs from weaker work incentives. Full Story »
Posted by Kaizar Campwala
I think this story is pretty good journalism, although I would have to say that the writer is definately pro Obama. Most of the article is spent discussing McCains tax plans, but focuses little on Obama's plan. Parts of Obama's plans are mentioned, but they never really go into much detail. I also thought that more could have been mentioned about the running mates of the two candidates, since little is known about them and little is known about how they are going to actually help both Obama and McCain. As for the sources used in this article, I have to say it's a little light for a story from the Washington Post. The article is also fairly short and I didn't feel as if a whole lot was accomplished in it. As I said before this article was pretty biased and I feel like I can say that, since I am a supporter of Obama. I did however like how Mallaby went into the history of what McCain has supported and how he has recently changed his views. I felt as if this article was almost saved from being quite dismal by adding these facts or records in the end.
