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:
“A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization.”
—Margaret Mead (1901–1978)
“U.S. international and security policy ... has as its primary goal the preservation of what we might call “the Fifth Freedom,” understood crudely but with a fair degree of accuracy as the freedom to rob, to exploit and to dominate, to undertake any course of action to ensure that existing privilege is protected and advanced.”
—Noam Chomsky (b. 1928)