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Economy on center stage in S.C. GOP race
Added 2499 days ago in
Despite calls in Washington for short-term economic relief, John McCain proposed a long-term economic plan on Thursday that would lower the corporate income tax rate and provide a host of other tax breaks for business.
"We will get through this rough patch, my friends," McCain told supporters.
The Republican presidential candidate proposed cutting the corporate tax rate to 25% from 35%. McCain, speaking to a rally under a tent in the rain, said that would expand the economy, creating jobs and opportunity.
He said his plan was "pro growth, less taxes and less spending." He contrasted it with "the Democrats' tired ideas of tax and spend."
McCain appeared to be resisting temporary economic relief for individuals, even as President Bush indicated support for a short-term boost and Federal Reserve Chairman Ben Bernanke called explicitly for it. Bernanke urged the government to adopt a plan quickly and make it temporary, and said "putting money into the hands of households and firms" would be more effective than measures such as making Bush's tax cuts permanent.
McCain adviser Doug Holtz-Eakin suggested the Arizona senator does not favor temporary relief at this time. "We haven't seen household declines in spending," he said.
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What Republican Candidate would be best for economic prosperity?
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
2499 days ago
The disastrous fiscal policies of our own government, marked by shameless deficit spending and Federal Reserve currency devaluation, are some of the greatest threats facing our nation today. It is this one-two punch - Congress spending more than it can tax or borrow, and the Treasury printing money to make up the difference - that threatens to impoverish us by further destroying the value of our dollars.
2499 days ago
Ron only true conservative. Second choice among the buffoons would be Mitt Romney.
We're in a serious crisis, inflation leads to recession, or worse, often because central banks are forced to clamp down.
2498 days ago
Romney will change nothing.The only way is to get rid of the federal reserve and go back to sound money.Get rid of all those departments close the bases around the world and make the federal government small.I believe this would make state governments smaller also.
2498 days ago
Wow, I thought SC was more conservative than it is. McCain, Huckabee who are soft in illegals, taxes, economy....they are the front runners??
I have read blogs from good people of SC worrying about their jobs. They are competing for jobs w/ illegals, so their pay is low! I don't understand how SC could vote for such liberal thinking men. If any of you think anything is going to CHANGE, forget it. The borders will stay open, our money pays for the illegals health care, education, housing.
So, maybe the title should be changed..it doesn't sound as if Economy is the center stage.......it seems like SC likes things the way they are...
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