|
1
|
While McCain historically favored deficit reduction over tax cuts, he has pledged not to rescind recent tax cuts in combination with reduced spending. McCain believes that lower taxes will stimulate the economy, and that the current deficit owes more to overspending than to tax cuts. McCain plans to balance the budget by the end of his first term. According to the Tax Policy Center, McCain's tax plans (by extending the Bush tax cuts and cutting corporate tax rates from 35% to 25% to increase investment, among other measures), would increase the national debt by nearly $5 trillion over 10 years, a nearly 50% increase.
|
|
2
|
Chuck Baldwin
|
|
3
|
Baldwin would work to repeal the Sixteenth Amendment (income tax), inheritance taxes, and property taxes. 'We are bankrupting our country with this incessant and burdensome tax system.'
|
