McCain: Raising taxes not needed to reduce ballooning deficit; gov’t can cut spending instead
By APSunday, August 23, 2009
McCain refuses to consider taxes to reduce deficit
WASHINGTON — Sen. John McCain is refusing to consider raising taxes to reduce the ballooning deficit.
McCain was asked on ABC’s “This Week” whether he would make a similar pledge as Treasury Secretary Timothy Geithner to do whatever it takes to bring down the deficit over the long run, such as raising taxes.
The Arizona Republican said “no.” He says the government should be able to reduce the deficit without new taxes by reducing the costs of Medicare and Social Security, which make up significant portions of the federal budget.
McCain also says the government should eliminate earmark and pork-barrel spending to send a message to Americans that it is serious about eliminating waste and corruption in federal spending.
Tags: North America, United States, Washington
|
August 24, 2009: 7:48 pm
fiscal politics has made the best sellers list once again…….. What the free market needs is a another market like the one we had in China…… specculators could practice a hit and miss strategy that makes the ball game into a DEMONSTRATION and not an opposition that sits there and does nothing….. pre-emptive strikers will all agree on a solid basis to ACT and make the world a safer place than salil. |
salil ghoshal