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McCain Rules Out Tax Hike -- Again
July 14, 2008 2:02 PM
ABC News’ Rick Klein and Teddy Davis Report: Sen. John McCain continues to oppose a tax increase as part of a comprehensive remaking of the nation’s Social Security program, despite comments by a top adviser that left the door open to such a tax hike.
In an interview with Bloomberg News, top McCain adviser Carly Fiorina raised the possibility of supporting higher Social Security taxes, if a bipartisan coalition is “creative enough” to only impact wealthier Americans in the comprehensive solution it develops.
Fiorina’s remarks echoed comments made by McCain, R-Ariz., before he became a presidential candidate.
In February 2005, McCain said on NBC’s “Meet the Press” that he could support a lifting of the Social Security payroll cap as part of a package of changes to help make the system solvent. This year, only the first $102,000 of taxpayers’ income is subject to the Social Security tax.
"As part of a compromise," McCain said in 2005, "I could [support lifting the cap], and other sacrifices, because we all know that it doesn't add up until we make some very serious and fundamental changes."
But McCain has not repeated such comments since launching his presidential campaign, and he now says that he opposes higher taxes. He has begun attacking Sen. Barack Obama, D-Ill., for saying he would consider lifting at least part of the payroll cap to shore up Social Security.
A McCain campaign spokesman told ABC News Monday that McCain continues to oppose any tax increase as part of Social Security reform, notwithstanding Fiorina’s comments.
“The lesson of history is that too many specifics at this point polarize the debate, that is the argument Carly was trying to make,” Taylor Griffin said. “However, John McCain does believe that we can fix Social Security without raising taxes. As president, John McCain will call on Congress to develop a bi-partisan solution to Social Security -- and if they won't, he will.”
July 14, 2008 | Permalink | User Comments (14)
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McCains aid Taylor Griffin believes Senator McCain "can fix social security with out raising taxes". Yes and I believe if I tap my heels together 3 times I will end up back home in Kansas. Bushes tax cuts for the wealthy have really worked for the poor and middle class havent they.
Posted by: Jen | Jul 14, 2008 2:24:25 PM
Will McCain ever be on the same page as his economic advisers?
First we had chief economic adviser Phil Gramm, who created McCain's balanced budget. He got thrown under the straight talk express.
Now, Fiorina uses the exact same words as McCain did a few months ago. What does McCain do, he throws her under the bus.
No wonder the Reagan's despised Senator McCain. Heck, he wasn't even a Senator when the Reagan's began their hatred for him.
Posted by: Dan | Jul 14, 2008 2:27:17 PM
He may not call it a tax but the money will still come out of your pocket. Republicans love renaming things. They think that by calling it a rose, the sewage won't stink.
Posted by: JR | Jul 14, 2008 2:28:40 PM
How hard would it be on upper income Americans to pay more into the Social Security fund? Seriously, what's the point in the cap anyway? This is likely the only means to salvage Social Security, and would cause no further pain on lower to middle income families. Anyone opposed to raising the cap is in a high enough income bracket that they need not complain...
Posted by: Champ | Jul 14, 2008 2:33:17 PM
mccain economic policy is a grave danger to the middle class!!!!!!!!!!!!!think bush was bad ha ha put mccain in and you will regret that day just like most of you regret voting for bush not me didnt vote for him and im not voting for mccain come on people dont make the same mistake 3 times!!!!!!!!!!!!!!!!!!!!
Posted by: angie | Jul 14, 2008 2:37:39 PM
There are only two ways to increase revenue flowing into Social Security: 1) raise the tax, which will impact all Americans earning under $102,000 per person per year... or, 2) raise the income cap above $102,000, which will not result in ANY impact on Americans earning under the $102,000 threshhold.
You don't need a degree in economics to figure out the better option.
Posted by: Champ | Jul 14, 2008 2:37:42 PM
Just one of the big oops from that woman this weekend.
How about her numbers that she pulled out of randomness...
Her obvious focus on vouchers for the wealthy...ugh...over the middle class public education's issues...and the problems with no child left behind...
He needs to reign in this woman who is obviously fast and foolish with what comes out of her mouth.
If it doesn't fit the debate or she can't win on the merits... ...make it up... ugh.
Posted by: dl | Jul 14, 2008 2:39:11 PM
Now presenting, " READ MY LIPS," the sequel.
Posted by: DAVID NH | Jul 14, 2008 2:46:35 PM
dl: Something else to consider...
One strong contender for McCain's VP is former Pennsylvania Gov. Tom "You Mean I Have to Register as a Lobbyist?" Ridge... another major supporter for school vouchers for the rich.
Posted by: Champ | Jul 14, 2008 2:47:18 PM
Now it has been said that John McCain does not know much about the economy.
In fact it was said by John McCain.
But we have since learned that this is, in fact, not true.
If there is one thing John McCain knows, said John McCain recently, it is Economics, unless it is not, and then it is National Security. But in that case it would still be Economics, too. So in that event there would be actually two things that John McCain would know: National Security and Economics.
Economics has to do with Supply and Demand. Everyone knows this, including and especially John McCain. He said so much recently. However, in the past, as noted above, John McCain has said he did not know much about Economics.
Now you would think that positions are probably untrue. Either John McCain knows about Economics as he said recently, or he does not know about Economics as he has said previously.
But now we have another problem John McCain wants to raise your taxes, unless that is he doesn’t.
You hear that John McCain is promising Billions in new spending and Billions in new tax cuts, all while shoring up Social Security and Balancing the Budget at the same time. So quite logically one would think John McCain would support some way to pay for all the new spending and all the new tax cuts, if in fact he was gonna balance the budget. His Economic Advisor, Ms. Fiorina, did.
But apparently, John McCain who was against new spending and new tax cuts is now for new spending and new tax cuts instead of against them. Note to Carly he has flopped back yet, or if he has, he don’t want you talking about in public.
I wonder if she’ll get kicked to the curb like his last Senior Economic Advisor, Phil Gramm, who said tough economic times were a figure of everyone’s imagination. It is becoming pretty clear that Economics is John McCain’s thing.
And in any event, It’d be a good bet that McCain will continue to be for and against the economic policies of his Economic Advisors……the very same Economic advisors that McCain has hired to help him understand economics in the first place.
Posted by: The Commander Guy | Jul 14, 2008 3:32:00 PM
Robert: Republicans....rich people trying to stay rich.
Posted by: linda n carolina | Jul 14, 2008 3:59:06 PM
I believe Senator McCain and his tax stance. I do not believe Senator Obama's tax plan. Obama's plan for all his new proposed programs is going to cost billions and somebody is going to pay, someone like you and me who are considered middle income people. And there are more federal taxes imposed on our citizens than just income tax. I pay a tax on my LD phone bill and car gas tax and house gas tax and --------
Posted by: Mary | Jul 14, 2008 4:50:18 PM
you can raise the taxes as high as you want, but if congress continues to spend the money that is supposed to go into a trust fund, the problem will still be there.
How about recovering the money from the politicians who spent your social security dollars on projects that only benefited their re-election?
Posted by: Jose | Jul 14, 2008 5:59:54 PM
We can fix Social Security without raising taxes ... Just cut benefits for all the baby boomers ... That is his plan, why can't he say the words :)
Posted by: Bill Solomon | Jul 15, 2008 12:47:55 AM
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