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VANITY: McCain says would favor 2-yr. extension of Bush tax cuts, is silent on permanent tax cuts
FR | 2010-08-05 | rabscuttle385

Posted on 08/04/2010 10:16:30 PM PDT by rabscuttle385

I was reading a Bloomberg article on McCain's charges that private life insurance companies are refusing to pay benefits to the families of deceased U.S. soldiers and veterans when I came upon a very interesting quote buried within the article.

[Due to FR posting rules regarding posting of copyrighted material, I can not excerpt Bloomberg and must provide a summary of the content in my own words.]

Anyways, see paragraphs five and six, from the top of the article, in which McCain says that a bipartisan compromise on temporarily extending the Bush tax cuts for up to two years “may be something worth looking at.”

As my fellow FReepers remember, McCain attacked the Bush tax cuts when they were originally passed.

This, of course, brings me to my main point: why is McCain silent on the issue of permanently extending the Bush tax cuts? Could it be that he still is not in favor of extending them personally and believes that taxes must be increased in as soon as 2012 and that he is temporarily reversing course to support a two-year extension out of political expediency, most notably the fact that he faces significant political threat from the campaign of one J.D. Hayworth (who did support the Bush tax cuts)?


TOPICS: News/Current Events; Politics/Elections; US: Arizona
KEYWORDS: mccain; mccaintruthfile; mcrino; mctaxandspend; rino; taxes

1 posted on 08/04/2010 10:16:33 PM PDT by rabscuttle385
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To: DoughtyOne; AuntB; mkjessup; stephenjohnbanker; Frantzie; Falcon28; Grunthor; pissant; Man50D; ...
*Ping!*
2 posted on 08/04/2010 10:17:40 PM PDT by rabscuttle385 (Live Free or Die)
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To: rabscuttle385

McCain is an idiot!


3 posted on 08/04/2010 10:26:03 PM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: Jim Robinson

Amen!! (my friend{sarc})


4 posted on 08/04/2010 10:28:26 PM PDT by DanielRedfoot (What a fool believes, No wise man has the power to reason away)
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To: rabscuttle385

The problem here is that the tax cuts were always intended as a temporary fix (note that there’s an end point somewhere down the road to these cuts). The real issue is that taxes are screwed up and tax reform (which should have been a higher priority to fix rather than universal health care)...has never been on the agenda of the Democrats.

So we allow the Bush tax cuts to keep coming up as a political topic....over and over...because we can’t make them permanent. We are in a sense...wasting lots of time arguing and re-arguing this topic.


5 posted on 08/04/2010 10:31:02 PM PDT by pepsionice
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To: rabscuttle385

Juan is unworthy of serious comment.
Those who vote for him do not deserve the freedom they enjoy, and consequently, it will be attenuated if Juan should prevail.


6 posted on 08/04/2010 10:31:41 PM PDT by J Edgar
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To: rabscuttle385
McCain dose not understand the economic utility of low tax rates. It is just against his limited level common sense to believe that cutting tax rates could possibly increase revenues or that raising rates would not only not increase revenues but would decrease them.

In McCain's mind it is simple:
Raise rates-Increase revenue

and he is not the conservative that might not like the idea of giving the government new revenue to spend multiples of. He went to Washington in the height of the Campaign to make sure that the huge Bush Stimulus got passed. His conservatism does not extend past the use of the word in his speeches.

7 posted on 08/04/2010 10:33:42 PM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: rabscuttle385

Juan has been worth nothing ever since the gooks got ahold of him, if not before.


8 posted on 08/04/2010 10:59:39 PM PDT by rogue yam
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To: arthurus
It is just against his limited level common sense to believe that cutting tax rates could possibly increase revenues or that raising rates would not only not increase revenues but would decrease them.

McCain spent twelve years as the Chairman of the Commerce Committee -- and still never really understood how business works.

Nor did he ever confront a problem that couldn't be solved by more government regulation.

Having guys like this in charge is what has led our economy to its dire situation.

9 posted on 08/04/2010 11:04:18 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: Jim Robinson

John McCain, boldly straddling the fence once again. Some things never change.


10 posted on 08/05/2010 12:28:39 AM PDT by ARepublicanForAllReasons (Darn, lost my tagline... something about boarders, in-laws and bad language.)
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To: rabscuttle385

Just like Bush was silent on making them permanent.


11 posted on 08/05/2010 3:59:56 AM PDT by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: rabscuttle385

Think about it. This makes them expire again in a presidential election year.


12 posted on 08/05/2010 5:51:51 AM PDT by fightinJAG (Obama: "I will gladly pay you on Tuesday for a hamburger today.")
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To: rabscuttle385
I don't have time for a song parody, so Alice Cooper's original ditty will have to do:

...A yankee doodle dandy in a gold rolls royce
I want to be elected
... We're all gonna rock to the rules that I make
I want to be elected
Elected, elected, elected, woah...

13 posted on 08/05/2010 6:48:32 AM PDT by MaggieCarta (I'm never fully dressed without a snark.)
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To: Jim Robinson
McCain is an idiot!

That bears repeating.
So, I will:

McCain is an idiot!

14 posted on 08/05/2010 6:50:35 AM PDT by MaggieCarta (I'm never fully dressed without a snark.)
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To: All
Thank you for your sacrifice and your service, Senator. Now, leave.
Now.
15 posted on 08/05/2010 6:52:10 AM PDT by MaggieCarta (I'm never fully dressed without a snark.)
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To: MaggieCarta

Thank you. Repeat as often as needed......in other words, every day.


16 posted on 08/05/2010 8:23:29 AM PDT by stephenjohnbanker (.)
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To: stephenjohnbanker
I will! :)

Thank you for your service and your sacrifice, Senator. Now, leave. Now.

17 posted on 08/05/2010 11:36:49 AM PDT by MaggieCarta (I'm never fully dressed without a snark.)
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