DNC: McCain Watch: The Economy(EconomicCommittee Fact Sheet (Bureau of ...),Health

Poverty Up 30%. The number of people living in poverty in Michigan has increased by 287,000 people from 972,000 to 1,259,000, or by 30%, from 2000 to 2006--one of the highest increases of any other state. [Joint Economic Committee Fact Sheet, (Bureau of the Census, U.S. Department of Commerce), 8/29/07, jec.senate.gov]

McCain Wrong on the Economy...

Cost of "Four More Years" Placed At $6.3 TRILLION. The CBO "January Budget and Economic Outlook" showed continued deterioration in the budget outlook with the projected 2008 deficit growing to $219 billion. But as bad as the budget situation has become under the current Republican Administration, continuation of the Republican policies will only make things worse. The majority staff of the Senate Budget Committee estimates that funding Republican priorities like making the Bush tax cuts permanent and funding ongoing - and perhaps permanent - operations in Iraq will add $6.3 trillion to the CBO's already dismal ten-year predictions. http://budget.senate.gov/democratic/documents/2008/cbojanupdatefactsheet200 8.pdf

McCain only middle-class tax cut proposal completely leaves out 101 million households - including those working and middle-class Americans hardest hit by this downturn. In contrast, Senator Obama's plan benefits 95 percent of workers and their families. The principal middle class tax cut proposed by John McCain is an increase in the dependent exemption that will not be fully in effect until 2016. Most households without children would see nothing under the plan - a total of 101 million households, including 67 million households currently paying income taxes but who would not benefit because they have no dependents, and 34 million low-income households with no income tax liab
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