Thanks to Professor Kaplan of the Illinois Law School for sending this fairly easy to read and neutral summary of the various tax and economic policies (mostly tax) of McCain and Obama. It does a good job of displaying their differences side by side and discussing the potential impact of their positions. Will the differences between the candidates in tax and economic policies have an actual impact on the economy? I’m unsure of the degree to which campaign proposals translate into real world change. In other words, how much actual difference exists between the candidates?
On a somewhat unrelated note, I hear that some libertarians (Tom) wish for a McCain victbry simply on the basis of the gridlock that it would create. They favor gridlock because it will theoretically slow Congressional spending. I’m not sure that I agree with the prediction of gridlock. It seems that government, like corporations, will craftily find the loopholes and will spend regardless of the formal impediments.