McCain Shuns Club For Growth
By Justin Gardner | Related entries in 2008 Election, Economy, MoneySo yes, McCain isn’t going to be attending the Club For Growth hoe-down scheduled for later this month. And so…they got a little miffed about this. Subsequently they made a video…and it makes McCain look REALLY good.
No, seriously. Watch the following produced by the Club For Growth, and tell me if McCain’s reasonsing for opposing Bush’s second round of tax cuts is spot on.
I’m scratching my head here folks. So the Club For Growth is in favor of a giveaway for the wealthiest 1%? And make no mistake, the last round of tax cuts were definitely largely targeted towards the wealthiest of us, especially with those massive breaks for dividend and capital gains taxes.
I guess I get this picture in my mind about when some CFGers were making the video, and after they got done with it they were all sitting around, slapping each other on the back and saying, “Man, we sure made him look like a fool!”
If I were John McCain, I’d be showing this video far and wide. “Yes, this is why I opposed the President’s tax cuts.” The only problem is…McCain does support the second round of tax cuts now. So this video makes even LESS sense!
And the cherry on top of the stupid sundae? Check this video out made by the McCain camp.
Ahh…politics…
This entry was posted on Wednesday, March 21st, 2007 and is filed under 2008 Election, Economy, Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 21st, 2007 at 9:17 pm
McCain shoots himself in the foot daily. Meanwhile since he looks to the moderates for his support, any bad comments from groups like this one almost make us forget his bait & switch tactics & open mouth, insert foot tendencies.
April 2nd, 2007 at 1:23 pm
So, in order to stimulate the economy (which was the purpose of the ‘01 & ‘03 tax cuts) we shouldn’t have cut dividend and capital gains taxes? The Commerce Department reported last year that these specific tax cuts had the most positive effect on economic growth. The tax cuts for people in the bottom quintiles (and yes, they received a tax cut too! [Even though the bottom 2 quintiles don't even pay taxes but receive credits through programs like the EITC, which Bush expanded]) actually had a negative effect on growth.
You need to get your data right. And when you start saving for retirement you’ll wish the tax cuts on your capital gains were like they were in the Bush days.