“First they ignore you, then they ridicule you, then they fight you, then you win.” – Mahatma Gandhi

Wednesday, October 15, 2008

John McCain's Pro-Growth Tax Plan

John McCain believes that the taxes Americans pay should be low, simple and fair. In this time of economic crisis, only John McCain has proposed a bold, pro-growth agenda to lower taxes and jumpstart our economy.

These are some of John McCain's proposals that will reform the tax code, stimulate job growth and return our country to economic prosperity:

Permanently repeal the Alternative Minimum Tax. This initiative alone would save 25 million middle class families nearly $60 billion in a single year -- that's an average of over $2,700 per middle class family with children.

Double the personal exemption for dependents. John McCain believes t he tax code should be less of a burden on those, whether they are mothers and fathers or single parents, who are trying to raise a family. He proposes to raise the personal exemption for each dependent from $3,500 to $7,000.

Cut the corporate tax rate from 35 to 25 percent. America has the 2nd highest corporate tax rate in the world; lower taxes will provide an incentive for companies to do business in America and prevent jobs from moving overseas. Senator Obama's plan to raise taxes on the 23 million small business that make more than $250,000 a year would only result in fewer American jobs and weaker job security for American workers.

Keep the current rates on dividends and capital gains and fight anti-growth efforts by Democrats. Senator Obama's proposal to lift the payroll tax income cap will be the largest tax increase in history -- $1 trillion - and will impact 3 m illion small business owners. In fact, under Senator Obama's plan, 865,000 jobs will be lost by the year 2015.

Enact an alternative new and simpler tax system. When this reform is enacted, all who wish to stay under the current system could still do so, but everyone else could choose a vastly less complicated system with two tax rates and a generous standard deduction.

Americans Can't Afford Senator Obama's Higher Taxes

Americans can trust John McCain to cut our taxes, unlike Senator Barack Obama, who has voted 94 times for higher taxes. During his political career, Senator Obama has advocated for higher energy taxes, higher income taxes, higher social security taxes, and higher small business taxes. In these times of economic difficulty, the last thing the American people can afford is a tax increase.

John McCain knows that higher taxes discourage small businesses and entrepreneurs, inhibit economic freedom and slow long-term growth. As president, John McCain will fight the Democrats' plan for the largest tax increase in history, and he will work to make it harder for Congress to raise taxes by requiring a 3/5 majority vote.

You can trust that during this financial crisis, John McCain will fight hard every day to make sure the government does not make life harder on you and your family.

Take Action Now to Help Elect the McCain Palin Ticket

Make Phone Calls: With our online phone bank, it's never been easier to volunteer. If you can take 20 minutes out of your day today to make calls for the McCain-Palin campaign, you can make a big difference. Choose the state where you would like to make calls, use the call script on your computer screen, and record the results online. It's that simple.

Recruit Friends: This is going to be a close election. Some experts predict it will be one of the closest elections in our country's history. By spreading the word about your support for John McCain and Sarah Palin, you are directly helping our campaign expand our grassroots network of supporters. Start recruiting your friends by following this link.

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