Obama wants to restore fairness to the tax structure in America. Through his plan to give tax cuts that assist the working people instead of the wealthy, Obama plans to uphold the American belief that, “If you work hard, your work will be rewarded.” Obama has laid out four tax-based proposals that take the burden away from the middle class: provide an income tax credit of up to $500 per person or $1,000 per working family, give homeowners an automatic tax credit, eliminate taxes for retirees making less than $50,000 per year and streamline the process of filing tax returns. In addition to reforming the tax structure so it caters to the working people, Obama plans to close the loopholes that legally allow corporations to evade paying their fair share of taxes. Cutting the Bush tax cuts to the wealthy will insure that Obama’s other proposals such as health care are covered.

YouTube Video: Obama answers question about taxes at the Las Vegas debates hosted at UNLV.
YouTube Video: An ABC “Good Morning America” news special discloses that Obama is the only front-running presidential candidate that has released his tax returns.

— Las Vegas Sun new media intern Jenna Kohler compiled this report.