As a politician ( apply negative connotation here ) McCain knows to adjust his message to the audience but regardless of the immediate audience his words are broadcast to the public at large.
In one recent speech to a group of entrepreneurs he indicated he would sign into law more tax cuts. Of course this sounds good unless you are actually intelligent and not among the small percentage of wealthy Americans.
Let's state one thing up front about political promises made by any President. Can they deliver, good or bad?
A president does not write law, Congress does. It is very likely that the Democrats will be in firm control of both houses next term, given the awful mess Republicans left behind. They are unlikely to oblige McCain's dangerous tax agenda and send him anything like his proposed cuts to sign. The other side of that coin is that Congress will often have to fight to gain enough votes to override McCain vetoes in order to dig us out of this mess.
Logic should tell McCain that if he plans on 100 years of war, it will be very expensive. Cutting taxes is like you or I taking a pay cut then borrowing money to buy a new Mercedes automobile on credit. Bush spent the Clinton surplus and now has us farther in debt than ever in the history of this nation. Apparently McCain sees no problem in driving us even farther into debt.
McCain does know one thing very well. Those who are the most wealthy will always be the most wealthy and these are the very friends of his who would get to take advantage of his tax cuts, as usual.
As for corporate taxes, corporations don't pay taxes, people pay taxes. Any tax levied on a corporation is passed along to their customers as part of the price of the product or service. It is just another cost of doing business. Any tax change up or down, is just another change for those who avail themselves of those corporation's goods so adjusting corporate taxes can have an effect on the price of everything we buy. Same goes for the cost of fuel used to transport goods to the market which is why I would like to see diesel fuel taxes removed for over-the-road trucks as we already do for farmers.
Most of us don't really have "estates" in the manner we think of like those with multi-million dollar homes etc. There are already limits on these taxes that protect the average citizen from worrying about estate taxes. A reduction by McCain means he wants to protect the very wealthy from those taxes, not you and I.
With the current rate of foreclosures many of us won't have any estate to be taxed at all.
McCain says he wants to provide people with "a large tax credit to buy their health care.." a statement I laugh at because last time I looked, insurance companies wanted to be paid by check for actual cash. I don't see how I am supposed to mail them a monthly "tax credit". As more and more American's see their income decline as their cost of living rises, many will not even remain in a bracket to pay any taxes, thus a credit is of no value and they remain uninsured.
Tax credits play well only to people with sufficient income to pay for the insurance up front then try to claim a credit when they pay taxes. If you are working near poverty level now, you don't have the cash to pay for the insurance at all. How does a credit help?
Bill Clinton's era. How was your income and standard of living? George Bush's era, what happened to your income, the cost of living, the deficit etc? Despite the GOP propaganda about Democrats and taxes, the Republican's policies have given the tax breaks to those who already are among the richest in the nation. Their theory that these would "trickle down" to the average wage earner does not work because big companies look for cheap ways to produce, not for ways to help the American worker.
As they reap the rewards of tax cuts, those same companies send our jobs and factories to other countries. Our "tax cuts" are used to improve the working incomes of families in India, China and other nations while American's see their real incomes decline and their jobs vanish. "Trickle down" is really "trickle away from America".
I believe American's are waking up to these tricks and have a better understanding of the political rhetoric of tax cuts. More and more the typical tax payer is starting to understand that the nice sounding words "tax cut" seldom ever results in a cut for y"We, the People" and will lead to worse economic conditions than we have now.
I, for one, would rather pay more taxes on a higher income than pay no taxes on poverty level income. It is a fact of life that there is no free ride and we as individuals can't keep borrowing to buy without paying the piper and our government is no different. We can't keep waging war and cutting taxes for the rich. That just leaves the rest of us to pay for the war while the wealthy reap huge profits from that war.
~ Paul C. Kruger http://www.reelectnoone.com