"When it comes to fighting wasteful government spending, there are few politicians as courageous as Senator John McCain. He was one of only four senators to not ask for earmarks in 2008. Barack Obama requested 52 earmarks, while Hillary Clinton asked for 281 special projects. Today, Senator McCain also unveiled a comprehensive economic plan that includes:
- Permanent repeal of the Alternative Minimum Tax
- Doubling the personal exemption for dependents from $3,500 to $7,000
- Reducing the corporate tax rate from 35% to 25% to spur job creation
- Elimination of subsidies and tariffs that are driving up food prices
- A one-year freeze on federal spending to evaluate government programs
Senator McCain also called for a “Summer gas tax holiday,” urging Congress to suspend the 18.4 cent federal gas tax and 24.4 cent diesel tax from Memorial Day to Labor Day. Barack Obama and Hillary Clinton, in contrast, are promising to turn back the clock – they want to repeal the Bush tax cuts and return us to the high-taxing, big spending ways of the Jimmy Carter malaise!"
Gary Bauer
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