Monday, September 15, 2008

Budgeting: Taxes and Food

From Friday's Washington Post:
Obama and McCain Tax Proposals
"According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families.

Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy."

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Do you think it will be enough to offset the rising cost of food? (Look at the jump for fats and oils. Is that because they can be used to make fuel?)

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Source: USDA Consumer Price Index for Food Forecast and Food Price Outlook 2008

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