McCain plans to extend the Bush administration's tax cuts,McCain plans to extend the Bush administration's tax cuts, eliminate the Alternative Minimum Tax, and slash corporate taxes. Obama, who has derided the Arizona senator's plans, has pledged to raise taxes on the wealthy and introduce a broad range of refundable tax credits.
"My personal opinion is I would argue that McCain is probably the better candidate for the economy and that is more or less because of his tax policies," James Caron, head of global rates research at investment bank Morgan Stanley in New York, said at the Reuters Summit this week.
"In this environment that we're in right now, the last thing you want to have is higher taxes and taking money out of the consumers' pockets," he added.
Reuters quotes someone who is probably in the top 1% income bracket complaining that he as a consumer would be hurt by helping to relieve the tax burden on those who make $20-40k a year.
We feel really bad for you Mr.Caron.
Why can't Reuters interview someone who truly represents the "consumer". Someone who is really in the "workforce". Not one of
stubby shrubbies have and have more friends?
The MSM is so in the business of distortion, conflation and carrying the rich mans water.
