Posted on 02/07/2008 12:29:14 AM PST by gpapa
Thirty-five days ago, as the voting in the Iowa caucuses was about to begin, those of us in the political commentary business thought the candidates of both parties would have been determined by yesterday, the day after Super Tuesday. Not so.
John McCain is well ahead in the delegate count thanks to the Republican preference for winner-take-all contests -- and to his own good luck in narrowly winning rather than narrowly losing Missouri's 58 winner-take-all delegates. But he still faces determined challenges from rivals with claims on key party constituencies -- high earners (Mitt Romney) and evangelical Christians (Mike Huckabee).
(Excerpt) Read more at online.wsj.com ...
As a retiree living off interest, dividends and capital gains, in a modest portfolio I have saved for all of my working life, I am all for eliminating the double taxation of same.
FORBES [to McCain]: Cutting the capital gains tax is key to a prosperous future. In New Hampshire you indicated support for a flat tax and I was wondering if you might put flesh on those bones and tell us what you have in mind for tax reform?
MCCAIN: I want to thank you for your efforts on behalf of a flat tax. I think weve got to eliminate the marriage penalty, the earnings test, raise the 15% tax bracket, put a level of $5 million on the inheritance tax. But this tax code is 44,000 pages long. Its an abomination. Its a cornucopia of good deals for the special interests and its a nightmare for American citizens. Weve got to get rid of the special interest loopholes that are right in this tax code. Thats the first step in cleaning it up to reach your goal of a simplified tax system. I appreciate your efforts. But until the day arrives when we remove the influence of the special interests, were not going to be able to achieve your goal.
Source: (cross-ref. from Forbes) Phoenix Arizona GOP Debate Dec 7, 1999
-
I think McCain has a strategic plan to achieve that goal.
Reach across the aisle to Teddy Kennedy?
au contraire if Mccain wins the presidency, it will be Kennedy that will have to reach over to him.
he’s going to the left of Ted Kennedy?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.