McCain Says “No New Taxes”
And he didn’t tell us to read his lips, either.
WASHINGTON - Republican John McCain says there will be no new taxes during his administration if he is elected president.
“No new taxes,” the likely GOP presidential nominee said during a taped interview broadcast Sunday.
McCain told ABC’s “This Week” that under no circumstances would he increase taxes, and added that he could “see an argument, if our economy continues to deteriorate, for lower interest rates, lower tax rates, and certainly decreasing corporate tax rates,” as well as giving people the ability to write off depreciation and eliminating the alternative minimum tax.
That McCain views letting the Bush tax cuts expire as a tax hike despite proclamations to the contrary from liberal “budget hawks” like Senator Kent Conrad is an important part of this promise.
McCain was defending his support for an extension of tax cuts sought by President Bush, which McCain voted against. The Arizona senator now says allowing the tax breaks to expire would amount to an unacceptable tax increase.
McCain could have weaseled out of his “no new taxes” pledge by saying that letting the Bush tax cuts expire is simply the reinstitution of old taxes. I’m glad to see he isn’t doing that.
But the big question is: Will McCain keep this promise? Is he believable when he makes it? He’s trying to make nice with conservatives now, but it’s going to be hard for some of them to take him seriously given some of his past decisions.













