Posted on 06/15/2008 11:07:53 AM PDT by CreativePerspective
Republican presidential candidate John McCain's tax policies have given him an edge as the better man for the economy, various Wall Street experts said at this week's Reuters Investment Outlook Summit.
McCain plans to extend the Bush administration's tax cuts, eliminate the Alternative Minimum Tax, and slash corporate taxes. Obama, who has derided the Arizona senator's plans, has pledged to raise taxes on the wealthy and introduce a broad range of refundable tax credits.
"My personal opinion is I would argue that McCain is probably the better candidate for the economy and that is more or less because of his tax policies," James Caron, head of global rates research at investment bank Morgan Stanley in New York, said at the Reuters Summit this week.
"In this environment that we're in right now, the last thing you want to have is higher taxes and taking money out of the consumers' pockets," he added.
(Excerpt) Read more at reuters.com ...
That is a choice between two horrible candidates on the economy. What about the cap and trade for a naturally occurring gas? I wonder how much that will cost the USA?
The illusion is that there are only two candidates running.
Yea, right. His advisor is Carly, the woman who nearly destroyed HP.
She didn’t do a good of destroying HP. Mark Hurd is more inept that Fiorina.
BTW, their laptops suck.
Pretty embarassing for Obama considering that McCain admits he doesn’t know much about the economy. But then, while Obama hammers McCain for making that statement, the fact is that he knows even less, and that the main difference between the two on the economy is that the straight talker McCain at least admits that he knows nothing. Afterall, the number one economic challenge of our time is energy, and yet, Obama has the same energy policy as a guy who admits that he doesn’t know much about the economy.
Obama, who has derided the Arizona senator’s plans, has pledged to raise taxes on the wealthy and introduce a broad range of refundable tax credits.
*****
tax credits...like carbon credits?
The McCain Economic “Team”
http://www.weeklystandard.com/Content/Public/Articles/000/000/014/751tryie.asp
“But I as president, as every other president, rely primarily on my secretary of the Treasury, on my Council of Economic Advisers, on the head of that. I would rely on the circle that I have developed over many years of people like Jack Kemp, Phil Gramm, Warren Rudman, Pete Peterson and the Concord group.”
The Concord group?
You mean the Concord Coalition
http://www.concordcoalition.org/board/
Concord Coalition Board of Directors
Co-Chairmans
Hon. Warren B. Rudman
Hon. Bob Kerrey
Hon. Paul E. Tsongas (1941-1997)
President
Hon. Peter G. Peterson
“tax credits...like carbon credits?”
No, tax credit, as in income redistribution — tax “the rich” and hand tax “rebates” to those who already don’t pay any taxes.
What do you think about “global warming”?
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