Story URL: http://news.medill.northwestern.edu/washington/news.aspx?id=101703
Story Retrieval Date: 2/9/2010 7:25:12 PM CST

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Taxing questions

by Renita D. Young
Oct 22, 2008



Renita D. Young/MNS

Depending on what year of college, the presidential tax proposals will affect students differently


WASHINGTON -- A variety of issues ranging from national security to the economy are fueling passions in this presidential race. The candidates' tax proposals took a lead in the final presidential debate, and college students are wondering how they may affect them.

The top issue was the tax breaks that the candidates proposed. Sen. Barack Obama proposed to lower taxes for households making under $250,000, whereas Sen. John McCain proposed tax cuts for middle income and corporations.

"I'm a little nervous for my first job," said Margaret Walrod, a freshman at George Washington University.

Experts say students like Walrod are in better positions to wait for the market to turn around because they have time on their side. But students who will soon enter the workforce, do not.

"They may want someone who has an active job creations policy," said Tara Sinclair, who's a professor of economics and international business at GWU.

Still, whichever candidates post the most votes this election day, as Sinclair said, "All of these numbers are going to have to get through Congress."