CHANGE MY LOCATION
Jay McDonough
Progressive Politics Examiner
Examiner Feeds
These websites were picked by the Progressive Politics Examiner as useful resources.National Examiners
Political Issues Examiner
Most Recent Post
John Sydney McCain exposed as a secret agent for Australia and the Wizard of Oz
Relationship Examiner
Most Recent Post
Marriage Over? Getting Back in the Dating Game
College Sports Examiner
Most Recent Post
Off-season injuries that will impact college basketball
McCain open to tax increases for wealthy
2 comments
In an interview, Carly Fiorina, a top adviser, explains that any tax increases on “middle- and working-class” Americans are off limits. She says if a bipartisan coalition is “creative enough” to fashion tax increases on wealthier Americans, that may prove palatable. (Link)
Ms. Fiorina talks often about being a business person and understanding "the numbers". This sounds like even she is now questioning the dubious McCain economic plan.
On a related note, the McCain campaign's senior economic adviser, Douglas Holtz-Eakin, providedMcCain's plan to balance the federal budget by 2013 to The Washington Post editorial board. After a review of the proposal, the Post was not impressed:
Senator John McCain says that President McCain would balance the federal budget by 2013. The plan is not credible.
The Congressional Budget Office projects a deficit of $443 billion in 2013 if President Bush's tax cuts are extended, as Mr. McCain wants, and the alternative minimum tax is merely patched to make certain it does not hit growing numbers of taxpayers. But Mr. McCain is proposing far more tax cuts. The only way he avoids having them add hundreds of billions more to the deficit in 2013 is by phasing them in and adding other caveats. Mr. McCain says on the campaign trail that he would repeal, rather than merely adjust, the alternative minimum tax, slash the corporate tax rate, now 35 percent, to 25 percent, and double the exemption for dependents. It turns out that none of that would be fully implemented by the end of the first McCain term. The nonpartisan Tax Policy Center estimates the extra cost of the scaled-back plan at $47 billion in 2013, bringing the deficit to a daunting $490 billion.
Subscribe
FeedComments
More from Progressive Politics Examiner
A PIcture for the Day
Troopergate report released
McCain got the message
Obama knew
Topics: Barack Obama
Connecticut Supreme Court rules for gay marriage
Obama: "I'll see your association, and raise you some culpability"
Topics: Obama , McCain , Ayers
