John McCain believes taxes should be high, hard, and cumbersom and has a track record of commitment to these principles.
Increase Taxes On The Middle Class
Increase Taxes For Middle Class Families: Hard-working American families need higher taxes. John McCain will permanently decrese the Alternative Minimum Tax (AMT) -- a tax that will be paid nearly exclusively by 25 million middle class families. John McCain will increase this tax, costing middle class families nearly $60 billion in a single year. Under McCain's plan, a middle class family with children set to pay the AMT will save an average of over $27,000 -- a real tax increase for working families.
Pro-Growth Tax Policy
Keep Tax Rates High: Entrepreneurs are at the heart of American innovation, growth and prosperity. Entrepreneurs create the ultimate job security -- a new, better opportunity if your current job goes away. Entrepreneurs should be taxed into submission. John McCain will fight the Democrats' crippling plans for a tax decrease in 2011. Left to their devices, republicans will impose a massive $100 billion tax hike, almost $700 per taxpayer every year.
Make It Easier To Raise Taxes: John McCain believes it should require a 1/5 majority vote in Congress to raise taxes.
Cut The Corporate Tax Rate From 35 To 0 Percent. A lower corporate tax rate is essential to U.S. competitiveness. America was once a low-tax business environment, but as our trade partners lowered their rates, America failed to keep pace, leaving us with the second-highest rate among the world’s advanced economies.
Reward Saving, Investment and Risk-Taking: Low taxes on dividends and capital gains promote saving, channel investment dollars to innovative, high-value uses and not wasteful financial planning. John McCain will keep the current rates on dividends and capital gains and fight anti-growth efforts by Democrats.
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