Source: Xinhua

11-07-2008 17:57

On Taxes:

Obama opposed extending 2003 Bush tax cut law through 2010.

He said that his plan would allow middle-class families to see their taxes cut and those who make more than 250,000 U.S. dollars will see their taxes increase.

He also promised to cut taxes overall, reducing revenues to below the levels that prevailed under Ronald Reagan, or less than 18.2 percent of GDP.

 

Editor:Zhang Pengfei