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Obama and McCain side by side

October 23, 2008

Nah, the two major presidential candidates haven't suddenly become BFFs. The nastiness on the campaign trail continues.

But there is a new feature at CQ Politics that is much more civil and informative than robocalls and carefully edited sound bites.

The publication has posted Notes, Votes and Quotes, a look at what Obama and McCain have said and done on key issues.

You can check out the Democrat and Republican candidates' economic stances, as well as their policies and votes on employment and labor and several other issues.

Here's a sample from the economic comparison:

Democrat donkey icon_small
Obama
's economic plan calls for reducing taxes for middle and
lower-income taxpayers and raising taxes on higher-income taxpayers.
Obama has proposed a "Making Work Pay Credit" to provide workers with a
rebate of some of their payroll tax dollars. His other proposals
include a 10 percent tax credit to help homeowners offset mortgage
interest payments and eliminating capital gains taxes on investments in
small businesses and start-up companies.

Republican elephant icon_small
McCain
supports a variety of tax cuts to boost the economy, including a
permanent repeal of the alternative minimum tax (AMT), cutting the
corporate tax rate from 35 percent to 25 percent, reducing capital
gains taxes and increasing the exemption for dependents.

The editors at CQ Politics promise they will be adding to the side-by-side before the Nov. 4 election day.

Even more comparison options: As I mentioned previously, you also should look directly at the candidates' tax plans — Obama's here, McCain's here.

You also can use the Tax Foundation's online comparison tool to see how specific provisions of all the presidential candidates stack up against each other.

The Tax Foundation includes data on the tax proposals of not only McCain and Obama, but also Bob Barr (Libertarian Party), Chuck Baldwin (Constitution Party), Cynthia McKinney (Green Party) and Ralph Nader (independent).

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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