Does this sound familiar?Shock of all shocks, John McCain is now promising that he won't raise taxes if 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.
While I'm glad that McCain is making a commitment to lowering Americans' tax burden and not increasing taxes, he'll have to forgive me for being a little skeptical. We got the "no new taxes" pledge from another candidate from the moderate wing of the party before. When that candidate was elected, he gave us the 1990 budget deal that was a sell-out to the Democrats. The same budget agreement would later cost that President the 1992 Election and give us Bill Clinton.
The only way to insure that McCain is being square with his tax promise is to watch the man in office...we've been down that road before.
Labels: Presidential Election