No matter who wins, it's going to grow.Mitchell also offered a fair comparison of the two distinct tax proposals. Obama's plan, according to Mitchell, means "higher taxes on work, savings, and investment." He pointed out that politicians understand the economics at play when they tax activities like smoking: higher taxes, less smoking. Why then, he asked, would we want to increase taxes on work, savings, and investment?
As for McCain, Mitchell states that his agenda is much better than Obama's at encouraging economic growth and development. McCain's track record, however, left Mitchell unsure of the sincerity of this election season proposal.
To watch a video of the conference the Tax Foundation cosponsored in April on the candidates' proposals, click here.