Economic Policy
McCain's 2006 rating by the Almanac of American Politics (2008) on Economic Policy is 64% conservative, 35% liberal (52% conservative, 47% liberal in 2005). McCain fleshed out the main points of his economic plan in an April 15, 2008 speech at Carnegie Mellon University in Pennsylvania. In summary, McCain would make the Bush tax cuts permanent instead of letting them expire, he would eliminate the Alternative Minimum Tax in order to assist the middle-class, he would double the personal exemption for dependents, reduce the corporate tax rate, and offer a new research and development tax credit. At the same time, he pledges to eliminate pork-barrel spending, freeze nondefense discretionary spending for a year or more, and reduce Medicare growth. He is also opposed to extravagant salaries and severance deals of corporate CEOs.
Read more about this topic: Political Positions Of John Mc Cain
Famous quotes containing the words economic and/or policy:
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“’Tis our true policy to steer clear of permanent alliances with any portion of the foreign world.”
—George Washington (1732–1799)