Big Mac: The Taxpayer-Friendly Candidate

RCP ^ | June 11, 2008 | Lawrence Kudlow

[The_Republican]

Sen. John McCain moved decisively to the supply-side Tuesday in a strong speech to the National Small Business Summit in Washington, D.C. For investors, small-business owner-operators, and the vast majority of middle-class Americans who go to work every day and are concerned about Sen. McCain's tax vision, this speech is good news. Big Mac is the taxpayer-friendly candidate.

The Republican candidate for president embraced low-tax-rate incentives to grow the economy, promising a combination of pro-growth tax reform and simplification along with significant spending restraint. He has called himself a foot soldier in the Reagan revolution. This tax speech clinches it.

McCain pledged to keep taxes low for families and employers, putting himself squarely in Ronald Reagan's camp and offering to extend the long prosperity wave started by the Gipper over twenty-five years ago. In contrast, McCain charged Obama -- who gave his economic speech on Monday -- with proposing the single-biggest tax hike in the entire post-WWII period.

McCain asserted that "no matter which of us wins in November, there will be change in Washington. The question is what kind of change?" Obama says a McCain victory will hand Bush a third term. McCain says an Obama victory gives Jimmy Carter a second term.

I think McCain gets it right.

Getting down to specifics, McCain said he will maintain the low income and investment tax rates put in place by President Bush. He singled out the need to keep the capital-gains tax rate at a low 15 percent, so that businesses will have the investment necessary to expand jobs, productivity, and real wages.

Completely unlike Obama, McCain is saying you can't have capitalism without capital. And he recognizes that investors must have high after-tax returns in order to take risks and fuel entrepreneurial activity.

[johnthebaptistmoore]

All of these things truly won’t matter if the next Congress is overwhelmingly socialistic in both Houses.

[Magnum44]

Geez...even when McCain says the “right” thing, it doesn’t matter...the pi$$ poor attitude of people in this election is suffocating...can’t anyone give credit where its due?...I am going to change my tagline to “Caution: Conservatives with Suicidal Mentality”

[napscoordinator]

Geez...even when McCain says the “right” thing, it doesn’t matter...the pi$$ poor attitude of people in this election is suffocating...can’t anyone give credit where its due?...I am going to change my tagline to “Caution: Conservatives with Suicidal Mentality”

You have selected memory. How on Earth can anyone seriously call McCain a tax friendly anything when he was against Bush tax cuts...oh before he was for them...that certainly sounds familiar. I heard it yelled from the roof tops sometime in 2004 dealing with Kerry and his flip flopping. I guess Republicans can flip flop anytime they want???? That is why WE as FRiends should ONLY trust conservatives who stick to their ideals.

[Dixie Yooper]

I think that there still exists a silent majority of voters who would not only have second thoughts of letting the Obama’s baby sit their children but also allow either of them to teach a Sunday school class in their churches, especially to their youth. This silent majority will show up on election day not just to vote against Obama, but to vote against every socialist on the ballot.

[death2tyrants]

Veto pen!

[Magnum44]

I didnt say trust him...I said dont be suidical and be responsible for electing a marxist...but I see not even a hint of forgiveness for past mistakes among so many...and so many are just whining...be an adult...look at the only two choices you have and make the one that you can have some influence over afterward who is not going to trash this country outright...there will be many more battles to fight...if we concede in this battle, the next will be impossibly difficult. MHO.

[johnthebaptistmoore]

A veto pen truly won’t work if enough members of the next Congress are able to successfully overturn any to all of McCain’s vetoes, and this is a serious problem. To all conservatives throughout the U.S., the political makeup of the next Congress will truly be much more important than who the next POTUS is since both Obama and McCain are already non-conservative choices for POTUS on many issues. All conservatives must truly focus most of their efforts on all of the Congressional races for office as well as on all political races below the Congressional level all the way down to the most local levels of political office!