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John McCain's record shows that he has supported reductions in government spending over tax cuts. McCain's tax-cut plan includes supporting free enterprise as well as ending the tax break for employers for providing workers with health coverage, instead McCain recommends substituting a $5,000-per-family tax credit to buy insurance in the marketplace.Dallas News: McCain, Obama Avoid Fiscal Realism (July 31, 2008)
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Fast Facts
- Supports a simplification of the tax codeOnTheIssues.org: John McCain on Tax Reform
- Does not support Fair Tax, which eliminates all federal income tax and replaces it with one federal consumption taxFairtax.org: News & Developments
- Promised not to raise taxes if electedUSA Today: McCain Backs Off His No-New-Tax Pledge (July 29, 2008)
- Initially opposed President George W. Bush's tax cutsWSJ.com: McCains to Profit on Anheuser (July 14, 2008)
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Tax Plan Highlights
- Keep tax rates lowJohn McCain Official Site: Taxes
- Cut the corporate tax rate from 35% to 25%John McCain Official Site: Taxes
- Allow first-year deduction, or "expensing", of equipment and technology investmentsJohn McCain Official Site: Taxes
- Establish permanent tax credit equal to 10% of wages spent on research and development
- Ban internet taxesJohn McCain Official Site: Taxes
- Ban new cell phone taxesJohn McCain Official Site: Taxes
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Quotes
- "There is nothing that's off the table. I have my positions, and I'll articulate them. But nothing's off the table. I don't want tax increases. Of course I'd like to have young Americans have some of their money put into an account with their name on it. But that doesn't mean that anything is off the table... "—John McCainABC News: John McCain Interview (July 27, 2008)
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Related Mahalo Pages
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John McCain Official Site: Taxes
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On the Issues: John McCain on Tax Reform
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Americans for Tax Reform: John McCain Tax Voting Record
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Washington Independent: FactCheck.Org Defends McCain Against Obama
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SignOnSanDiego.com: Tax Plans Are Source of Great Division
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Washington Times: SAXTON: A Tax Cut Consensus
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USA Today: McCain Backs Off His No-New-Tax Pledge
usatoday.com (July 29, 2008)
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John McCain Official Site: Taxes
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John McCain on Tax on Twitter Powered by Twitter
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John McCain On Taxing Rich People: tax lawyers and all kinds of loopholes, really don’t pay nearly as muc.. http://bit.ly/3aSBTd
@TaxAndLife | November 08, 2009 04:54 AM
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John McCain on Tax on Amazon | View All
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McCain & Obama's ongoing debate on taxes ignores inflation tax.(Inside Track)(John Mccain and Barack Obama)(Brief article): An article from: The New American - $9.95
This digital document is an article from The New American, published by American Opinion Publishing, Inc. on November 10, 2008. The length of the article is 321 words. The page length shown above is based on a typical 300-word page. The art...
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Fiscal face-off: Obama and McCain battle over economic plans and tax policies.(WASHINGTON REPORT)(Barack Obama and John McCain on economic policies and tax policies): An article from: Black Enterprise - $9.95
This digital document is an article from Black Enterprise, published by Earl G. Graves Publishing Co., Inc. on September 1, 2008. The length of the article is 830 words. The page length shown above is based on a typical 300-word page. The a...
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Questions and Answers About John McCain on Tax | View All | Ask a Question
View All John McCain on Tax Questions (672) | Ask a QuestionDo you trust John McCain to make important decisions about the future of the Internet? (8 Answers)No, he's not someone who lives and dreams for the future of Internet. He isn't someone who uses the Internet and is one of those people who might believe AOL ... read moreWhere can I find photos of John McCains son, Jack McCain meeting President Obama? (1 Answer)You can find pictures and a video of Barack Obama and Jack McCain hugging here: http://www.cnn.com/2009/POLITICS/05/22/obama.mccain/ read moreSince the NYT didnt retract their story, does that mean Vicki Iseman and John McCain did have an affair (2 Answers)No. The NYT has always maintained that the story was always about McCain's relationship with lobbyists and that any implication of an affair was a minor portion of the article, ... read more
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