McCain's Flip Flop on Taxes
As many of us have discussed, McCain has flip-flopped on many issues but this article kind of puts a hole in his "socialist" arguments against Obama. Another bumpy ride for the straight talk express...
Here's part of the article:
But McCain has not always been such a vocal champion of slashed tax rates for wealthier Americans.
It’s well documented that McCain’s full-throated support of cuts for those in the top tax brackets represents something of a reversal since 2001, when he voted against Bush-backed tax slashes for top earners. “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us at the expense of middle class Americans who most need tax relief,” he wrote in a statement at the time.
But archived MSNBC videotape from 2000 further demonstrates how McCain’s tone has shifted on taxes and what constitutes socialism since the end of his last presidential race. Answering questions during a Hardball College Tour show in October 2000, McCain defended the progressive tax system when questioned by a town hall participant who warned that the high tax bracket of her father – a doctor – smacked of an inching towards “socialism and stuff.” McCain said that progressive tax systems are based on the fact that “we feel, obviously, that wealthy people can afford more.” He spelled out this response: “Here's what I really believe, that when you are -- reach a certain level of comfort, there's nothing wrong with paying somewhat more.”