Eight companies — Wal-Mart Stores Inc., Exxon Mobil Corp., ConocoPhillips Co., Bank of America Corp., AT&T, Berkshire Hathaway Inc., JPMorgan Chase & Co., and Microsoft Corp. — would each receive over $1 billion a year.
McCain would deliver about $4 billion in tax cuts to the five largest oil companies. He would also hand over $2 billion to the top 10 health insurance companies. Unlike the highest-rung of the corporate ladder, much of the rest of Wall Street refuses to be bought off. Those employees are giving more to Obama than to McCain.
While McCain caters to the rich, Barack Obama's tax plan "offers three times the break for middle class families" than the proposals of John McCain. To clarify the contrast in the two candidates' plans, consider this fact: John and Cindy McCain would reap over $300,000 from McCain's own tax plan. By contrast, both the Obamas and McCains would receive a substantial, albeit much smaller, savings under Obama's plan (see a comparison here).
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