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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)

• Fast Facts

  1. Supports a simplification of the tax codeOnTheIssues.org: John McCain on Tax Reform
  2. Does not support Fair Tax, which eliminates all federal income tax and replaces it with one federal consumption taxFairtax.org: News & Developments
  3. Promised not to raise taxes if electedUSA Today: McCain Backs Off His No-New-Tax Pledge (July 29, 2008)
  4. Initially opposed President George W. Bush's tax cutsWSJ.com: McCains to Profit on Anheuser (July 14, 2008)

• Tax Plan Highlights

  1. Keep tax rates lowJohn McCain Official Site: Taxes
  2. Cut the corporate tax rate from 35% to 25%John McCain Official Site: Taxes
  3. Allow first-year deduction, or "expensing", of equipment and technology investmentsJohn McCain Official Site: Taxes
  4. Establish permanent tax credit equal to 10% of wages spent on research and development
  5. Ban internet taxesJohn McCain Official Site: Taxes
  6. Ban new cell phone taxesJohn McCain Official Site: Taxes

• 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)

• Related Mahalo Pages

  John McCain | Straight Talk Express | John McCain Immigration | John McCain Iraq | John McCain Education | John McCain Campaign | John McCain Scandals | John McCain Foreign Policy | John McCain Biography | John McCain On the Issues | John McCain on Abortion | John McCain Quotes | John McCain Videos | John McCain Pictures | Election 2008 | Cindy McCain | Meghan McCain

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