Obama on taxes

John McCain's been saying Barack Obama is going to raise everyone's taxes, and a lot of people believe it. But it's not true. For almost everyone, Barack Obama's plan cuts taxes, while John McCain raises them.

I can make a firm pledge: Under my plan no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, notyour capital gains tax. Not any of your taxes.
And my opponent can't make that pledge and here's why. For the first time in American history, John McCain wants to tax your health care benefits.

The Washington Post did a graphic about the McCain/Obama plans. As you can see, almost all of McCain's tax cuts go to those mkaing more than $250,000/year. (I don't think this includes McCain's plan to make employer health care benefits taxable, though.)