Owner59
Posts: 17033
Joined: 3/14/2006 From: Dirty Jersey Status: offline
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http://thinkprogress.org/wonkroom/2008/07/29/mccain-payroll-tax/ The Tax Policy Center prepared an interesting report (pdf) this week, noting the key differences between the economic policies articulated by John McCain and the economic policies presented by John McCain’s presidential campaign. There’s a bit of a gap — to the tune of $2.8 trillion (that’s “trillion,” with a “t”). According to the study, the tax plan McCain’s campaign laid out privately is different from the one he’s selling on the stump. If you include the policies he has advocated publicly—such as repealing the Alternative Minimum Tax, increasing the dependent exemption to $7,000 right away, and reducing the corporate tax rate to 25 percent immediately—then the deficit after 10 years would actually be $2.8 trillion greater than if you go by his private plan. There’s also a rhetorical gap for Obama, but in his case the public version generates more revenue than the private one, thanks to a suggested hike in payroll taxes for people who make $250,000 or more. How does the McCain campaign respond to this? As it turns out, hilariously. Douglas Holtz-Eakin, McCain’s chief economic adviser, told Slate, “[McCain] has certainly I’m sure said things in town halls” that don’t jibe perfectly with his written plan. But that doesn’t mean it’s official.” Got that? If we want to better understand John McCain’s economic policies, we should overlook what John McCain says about his economic policies. McCain’s “official” positions don’t come from McCain.
< Message edited by Owner59 -- 7/30/2008 7:21:04 PM >
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"As for our common defense, we reject as false the choice between our safety and our ideals" President Obama
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