The new McCain loves tax cuts. But many of his claims about them are off.
In our last installment we looked at McCain's pronouncements on spending cuts to help balance the budget. In Part II, we examine what he's said on a subject that might be more pleasing to many Americans: lowering taxes. We found exaggerations and distortions here, as well.
McCain says that eliminating the Alternative Minimum Tax will save "more than 25 million ...
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Taxes? AMT? Economy? Macro vs. Micro? You think you're confused? Try John McCain. He admits - denies - admits - denies that he knows anything about the economy. This factcheck.org piece exposes the weakness in 1)simplifying any discussion about tax cuts and 2) John McCain's efforts to simplifiy the discussion about tax cuts. Bottom line here - don't pay attention when McCain starts trumpeting his tax "plans". He doesn't have the foggiest. Factcheck.org proves once again they are the wellspring of truth & accuracy. Love their work! Well sourced, etc.
