While Obama is stating that he's going to give a tax cut to all people making $200K or less, when you review it, it's actually not true, because Obama is ALSO, advocating allowing the Bush tax cuts to expire, which will raise the five income tax brackets (10, 25, 28, 33 and 35 percent) by 50%, 12%, 10.7%, 9.1% and 13.1% percent, respectively, to 15, 28, 31, 36 and 39.6 percent.

Additionally, the child tax credit reverts to $500 from $1,000. The estate tax rate, which falls to zero in 2009, will snap back to a 60 percent maximum, and exemptions that have increased will decrease. The capital gains rate will rise, and the marriage penalty will be revived, as will the double taxation of dividends.

So for example, a person making $150K will have their taxes increase by 3% or $4500 so the $1000 tax cut that Obama is promising, in reality is ulitimately a $3500 INCREASE! Funny how we don't hear him mention that. This is something that McCain should spell out in an ad or in the next debate, IMO.