McCain's Tax Plan offers a $1.7 trillion tax cut for corporations

[RedEarth]

Yesterday, Sen. John McCain (R-AZ) presented an economic plan that offers a $1.7 trillion tax cut for corporations, “more than twice as much as McCain gives families with his child deduction,” as The Wonk Room’s James Kvaal and Robert Gordon noted.

Today on MSNBC, McCain was asked if he is understating the costs of his tax cuts. “Independent experts say your tax cuts would cost at least $100 billion more than you say and that the savings would not materialize,” Andrea Mitchell said. McCain retorted:

I disagree. I disagree with the experts. I disagree. I disagree. I disagree with the experts. I have experts of my own. I have many experts of my own who say that this will stimulate the economy, will create jobs, and increase revenues over time.

McCain said Ronald Reagan also reduced taxes in 1981. But when Mitchell noted that Reagan did “bust the deficit,” McCain tried to dodge: “Not early on it did — I am a deficit hawk.”

McCain said he has his “own experts.” But even they have disagreed with him. Kevin Hassett of AEI, a McCain adviser, claimed McCain’s tax cut plan would grow the economy, but added, “It is beyond the reach of economic science to explain precisely why that happens, but it does.”

http://thinkprogress.org/2008/04/16/mccain-economy-experts/

[louis-t]

1. OH FER CRYIN' OUT LOUD!!1!11

Yes, you dumbass, you're right, tax cuts ALWAYS grow the economy, it's one of the great mysteries of the universe why that is so. It's Saint Ronnie tinkling down from heaven, that's where it comes from. See, the more we CUT taxes, the more money we'll have in the treasury. See? Isn't that amaing how that works? AAAARRRGGGHHH!!! And people will fall for this guy's crap!

[Dr.Phool]

2. Yeah, his economic advisor is Phil Gramm.

We already know how good he is.

His "experts" are assholes.

[Initech]

3. Yeah, this is the LAST group that needs tax cuts!

Especially with companies like Exxon Mobile, who should have their fucking brains taxed out. God damn it, when will this stupid shit end???? :argh: :banghead: :grr: :mad: :nuke:

[Cass]

4. Holy cow - he sounds totally round the bend right here:

I disagree. I disagree with the experts. I disagree. I disagree. I disagree with the experts. I have experts of my own. I have many experts of my own who say that this will stimulate the economy, will create jobs, and increase revenues over time.


OMG. Can you just imagine if this man gets anywhere near the White House. :scared: