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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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