Obama and McCain’s Tax Proposals

As for taxes, Obama and McCain claim that their tax plans would result in cuts for most American families.

But the difference is distinct: Obama's plan gives the biggest cuts to those who make the least and McCain would give the largest cuts to the wealthy.

According to the Washington Post, the difference between the candidates plans is especially noticeable with the top 0.1 percent of the income scale.

McCain's tax plan offers a $269,364 tax cut to these families while Obama's plan would raise their taxes by $701,885, resulting in a 1 million dollar difference.