Obama's approach to taxes supports the lower and middle class families who make less than $250,000 annually. They will not see their taxes increase. People who make $250,000 or more per year will pay the same tax rate or less than they did in the 1990's. Obama supports a "refundable $4,000 American Opportunity Tax Credit," for all public college tuition funds. This covers two thirds of the cost of public four year college. Obama will cut capital gains taxes to small businesses, because he sees them as good for the economy. Obama has plans to reform corporate tax loopholes because large companies have been taking advantage of current laws.
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