McCain Would Receive $55k Yr From His Capital Gains Proposal

wonkroom.thinkprogress.org — McCain proposed cutting the capital gains tax from 15 percent to 7.5 percent. The proposal would have reduced the McCains’ taxes by $55,761 in 2006 and $55,980 in 2007 (a two-year total of $111,740). This is on top of the more than $350,00 that they would have saved in 2006 due to McCain’s other tax proposals.