Home Issues Money and Politics The John McCain Tax Cut Flip Flop
The John McCain Tax Cut Flip Flop
Written by Karen Miller   
Tuesday, 15 April 2008 14:00

Apr. 15, Interview - After opposing President Bush's Tax Cuts in 2001 and 2003 Senator John McCain was on the hit list of many conservative groups that felt his tax policies were too liberal. But now that he is running for president McCain has changed his position.

April 15 - Interview
produced by Karen Miller
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Election Unspun Producer Karen Miller spoke with Center for American Progress Senior Fellow Robert Gordon to talk about the switches McCain has made to appease the conservative masses.

"He was having a lot of problems with conservative activists who were very angry at him for the position he took on the Bush tax cuts in 2001 and 2003. So he, basically changed his mind, and not only endorsed extending the Bush tax cuts, but also endorsed new tax cuts, very much tilting toward the wealthy and corporations. And since he's done this, conservative activists have been much more supportive of him.

John McCain

"The biggest new tax cut he is proposing is a 1.7 trillion dollar tax break for corporations. He is proposing to lower the tax rate that corporations pay, and to allow them to deduct the cost of new equipment much more quickly. And together, those to measures would cost 1.7 trillion dollars, and .. all that money would go to corporations."

"I think there's a very good chance he will change his position, yet again. He's changed his position on taxes many times, and I think he probably will change it again - because his target audience now is no longer conservative activists, its actually middle of the road voters. And most voters do not find 1.7 trillion dollar for corporations a great agenda. So we expect that he will change it up a little bit."

That was Robert Gordon, Senior Fellow at the Center for American Progress.

 

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