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State-by-State Impact of the Obama Tax Plan

Citizens for Tax Justice has released Only 2.5% of Taxpayers Would Lose Some of the Bush Tax Cuts in 2009 Under Obama’s Tax Plan: State-by-State Figures (10/23/08):

While presidential candidate John McCain has promised to make permanent the Bush income tax cuts for all Americans, his opponent, Barack Obama, promises to make them permanent for almost all Americans. A new analysis from Citizens for Tax Justice shows that only a small percentage of the taxpayers in each state would lose a portion of the Bush income tax cuts if Obama’s plan is enacted. For these very rich taxpayers, Obama would repeal most of the Bush income tax cuts before their expiration date at the end of 2010. For everyone else — for 97.5 percent of taxpayers nationally — all of these tax cuts would be made permanent.

Here are the ten states with the largest and smallest percentage of taxpayers who would lose at least part of their Bush tax cuts under the Obama plan [click on chart to enlarge]:

Obama_plan_and_bush_tax_cuts

The ten states with the smallest percentage of taxpayers that would lose part of their Bush tax cuts under the Obama tax plan are red states (in the 2004 presidential election), and eight of the ten states with the largest percentage of taxpayers that would lose part of their Bush tax cuts under the Obama tax plan are blue states (Florida and Virginia are the exceptions).


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