(snip) ...Sen. John McCain of Arizona, the Republican presidential contender in 2008, said he could fathom a short-term extension of all the tax cuts. McCain voted against the Bush tax cuts, saying they disproportionately benefited wealthy Americans and did not rein spending. "They should be extended until we are out of this recession," McCain said. "At such time we can look at other tax hikes. But when we're in a serious recession I cannot believe that raising taxes is a good thing on anybody." In fact, the recession officially ended in June 2009, but the recovery has been markedly slow,...