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McCain considering tax cuts?

October 14, 2008 by  

McCain may cut taxes on investments, an advisor saysRepublican presidential candidate John McCain may propose some tax cuts that could inject life into the listless economy, one of his advisors has suggested.

Senator Lindsey Graham told CBS program Face the Nation that McCain has been considering "a host of different courses of action" aimed at freeing up credit for the country’s financial health.

"Now is the time to lower tax rates for investors – capital gains tax, dividend tax rates – to make sure that we can get the economy jump-started," he told the program.

Over the past several weeks, politicians and policymakers have been debating the best method for restarting economic growth in America.

The government has already taken a variety of steps to calm the public’s fears, including the announcement of a $700 billion bailout for banks, but few signs of recovery have been noted.

Graham told Face the Nation that November’s vote may determine the path the country takes in the next four years.

"Senator Obama, who’s masquerading as a centrist, is anything but a centrist when it comes to taxing, spending and social policy," he explained.

On Monday, McCain delivered a stump speech in Virginia during which he attempted to differentiate his economic policies from those of the past eight years and called the country to "change direction."
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  • Bob Livingston

    We can only hope McCain is not simply being a popinjay.  America desparately needs tax cuts to spur growth, not only for individuals, but for small business.  It’s small business that creates the jobs that Americans need.

    It’s critically important to your personal and financial liberty to understand that “Tax Revenues” are a complete myth.

    Fact: There is no such thing as tax revenue with fiat curency.  The government creates its own “revenue” via the printing press. The only reason that the propaganda ministry ever uses the word “debt” or “deficit” is to keep alive by implication that legitimate accounting goes on in the Federal Government. It is all a scam. The Federal Government gets everything including war — free and without debt or deficit. –Bob

  • s c mailen, jr.

    I do NOT enjoy saying this, but I FAIL to see how McCain can help America. Where was he when we needed a conservative presidential candidate? Why did he NOT crush the Fairness Doctrine? Where was McCain when we needed REAL campaign contributions laws? Where was McCain when America needed the House to tell the Senate where to go and how to get there? Since when does the will of the people mean nothing?
    Whatever McCain is, he is NO conservative. He is indicative of what is wrong with our government. You do NOT reward such people – OR keep them in office – PERIOD. Senator McCain needs to RETIRE.

  • gene cunningham

    is John trying to buy votes? If he wanted to do something to impress me he would have to go after those that want to distroy my country and my Constutition they are easy to find just look for those with a D in front of there name and a lot with an R! I do not like the idia of socialism so lets get John out!!!!!!!!!

  • Jeff

    John Who?? Oh yea, I remember something about a bumbling Idiot that ran with a very smart and pretty woman. I voted for her, not John. By the way, is he still campaning? I think his time has past but he would be better than what we got….

  • John R. Turner

    It is an election year and that is the only reason McCain would even mention a Conservative move such as tax cuts. He will be a “Republican” until after the elections and then return in to his usual socialist ways.

    McCain is not now nor has he ever been a Conservative, just look at his voting record. Please fellow Arizonans, VOTE HIM OUT!

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