Apr. 15, Interview - After opposing President Bush's Tax Cuts in 2001 and 2003 Senator John McCain
was on the hit list of many conservative groups that felt his tax policies
were too liberal. But now that he is running for president McCain has changed
his position.
Election Unspun Producer Karen Miller spoke with Center
for American Progress Senior Fellow Robert
Gordon to talk about the switches McCain has
made to appease the conservative masses.
"He was having a lot of problems with conservative activists who were very
angry at him for the position he took on the Bush tax cuts in 2001 and 2003.
So he, basically changed his mind, and not only endorsed extending the Bush
tax cuts, but also endorsed new tax cuts, very much tilting toward the wealthy
and corporations. And since he's done this, conservative activists have
been much more supportive of him.
"The biggest new tax cut he is proposing is a 1.7 trillion dollar tax break
for corporations. He is proposing to lower the tax rate that corporations
pay, and to allow them to deduct the cost of new equipment much more quickly.
And together, those to measures would cost 1.7 trillion dollars, and .. all
that money would go to corporations."
"I think there's a very good chance he will change his position, yet again.
He's changed his position on taxes many times, and I think he probably will
change it again - because his target audience now is no longer conservative
activists, its actually middle of the road voters. And most voters do not
find 1.7 trillion dollar for corporations a
great agenda. So we expect that he will change it up a little bit."
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