Home Issues Money and Politics The Candidates Tax Policy, Tax Cuts and Deficits
The Candidates Tax Policy, Tax Cuts and Deficits
Written by Leigh Ann Caldwell   
Tuesday, 15 April 2008 12:00

Apr. 15, Feature - Tax day, all attention is paid to that check to the IRS. 42 cents of every federal dollar being spent on the military, according to the National Priorities Project. Although tax policy and funding priorities must pass through Congress, the President outlines his or her priorities.

April 15 - Feature
produced by Leigh Ann Caldwell
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And all the three major party candidates have described their tax policy, generally, anyway. To discuss the candidates position, we are joined by Bob McIntyre, Director of Citizens for Tax Justice.

"Well the big difference among the candidates is between the Democrats, and the Republican John McCain. Hillary Clinton and Barack Obama have called for additional tax cuts which total somewhere in the order of a trillion and a half dollars, perhaps two trillion in the next decade. But John McCain wants something in the order of five to six trillion dollars in tax cuts, and the only way his chief economic advisor says he wants to pay for it, is by cutting social security by more than a quarter. "

Tax Policy

"[McCain] wants tax cuts, he wants to continue the war in Iraq. And his only way to pay for that, that he's suggested, any serious way, is to cut way back on social security benefits. I think that's not going to happen, which is a good thing. But that means he has nothing to pay for this enormous amount of deficit spending that we'd face if he became president.

That was Bob McIntyre, Director of Citizens for Tax Justice.

 

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