"Helping Americans Confront Higher Living Costs: John McCain Will Help Americans Hurting From High Gasoline And Food Costs. Americans need relief right now from high gas prices. John McCain will act immediately to reduce the pain of high gas prices. John McCain Believes We Should Institute A Summer Gas Tax Holiday. Hard-working American families are suffering from higher gasoline prices. John McCain calls on Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. John McCain Will Stop Filling The Strategic Petroleum Reserve (SPR) To Reduce Demand. International demand for oil is bolstered by federal purchases for the SPR. There is no reason to fill it when oil is so expensive, the overall SPR is of adequate size, and when it places further upward pressure on prices. John McCain Will End Policies That Contribute To Higher Transportation And Food Costs. Ethanol subsidies, tariff barriers and sugar quotas drive up food prices and hurt Americans. However, we cannot take the wrong direction and cut off trade for American goods."
This all sounds good. But we're going to get cap and trade to help out against "Global warming" - and cap and trade is going to add an absolutely MIND-BOGGLING amount to the energy bill of each American, counting gasoline (or diesel) and all the monthly utility bills we pay. The cost of transporting ANYTHING in this country will be markedly increased. If John thinks this helps Americans, he's an economic idiot.
Cap and trade will take much, MUCH more out of American's pockets than the savings from a few weeks of rescinding the tax on gasoline. And it's completely anti-growth, and once we get a [new] government agency overseeing the program, we'll NEVER be rid of it.
Then there's this one:
"Cutting Taxes For The Middle Class: John McCain Will Cut Taxes For Middle Class Families. John McCain will permanently repeal the Alternative Minimum Tax(AMT) – a tax that will be paid nearly exclusively by 25 million middle class families. Repealing this onerous tax will save middle class families nearly $60 billion in a single year. Under McCain's plan, a middle class family with children set to pay the AMT will save an average of over $2,700 – a real tax cut for working families."
I'm asking 'cause I don't really know - but has John McCain ever introduced a bill in the House or Senate which eliminates for all time the AMT?
Don’t know but it would be helpful if sonmeone who was familir with the AMT to jump in and offer some insight.
“If John thinks this helps Americans, he’s an economic idiot.”
Well, he’s already admitted as much.