UofM Feminist

According to the New York Times, John McCain has made a few changes in his economic plan. Can we say hypocrite on the flip-flopping? Before April of this year, McCain had pledged to "balance the budget by the end of his first term in 2013." In April, he had proposed "a series of costly tax cuts for corporations and high earners and said it might take two terms to balance the budget." He has now reverted back to his original pledge for balancing the budget. What he has not really clarified is how he plans to do that and keep these corporation tax cuts.

It is unclear how Mr. McCain plans to balance the budget, given that fiscal analysts who have examined his economic plans say that his calls to extend the Bush tax cuts while cutting corporate and other taxes would likely increase the deficit [emhpasis mine].

Continuing on the hypocritical flip-flopping, "McCain is scaling back some of the tax cuts he proposed...he would not abolish the [alternative minimum tax], but rather amend it...Similarly, the McCain campaign has suggested that its proposal to let corporations write off their equipment expenses mroe quickly would be phased out after a few years". I wonder, if you are going to be phasing out these write offs, why have them? To save corporations more money rather than the people? In addition, "To pay for his tax cuts, the McCain campaign has called for cutting pork-barrel spending and making entitlements less expensive, but fiscal analysts have questioned whether he could save enough money that way to pay for the tax cuts, and cautioned that the spending cut proposals were far vaguer than the tax cut proposals." Turns out McCain really doesn't know anything about the economy. Now I'm curious how he got 300 people (including Nobel Prize winners) to sign his proposal. You would think that persons who won the Nobel Prize would be able to tell McCain's economic policy is total shit. The fiscal analysts and, economic dummy that I am, can tell!