"Is Holtz-Eakin Backing Away From McCain’s Economic Plan?"
In today’s Washington Post, Douglas Holtz-Eakin, senior policy adviser to Sen. John McCain’s (R-AZ) presidential campaign, writes 489 words about McCain’s plan for “turning around the economy.” There is not one word about the two massive corporate tax cuts that Sen. McCain billed, barely two months ago, as the top two items in his “economic stimulus plan“:
JOHN MCCAIN UNVEILS ECONOMIC STIMULUS PLAN
For Immediate Release
Thursday, January 17, 2008
ARLINGTON, VA — Today in Columbia, South Carolina, John McCain unveiled his plan to stimulate the American economy. McCain’s plan will lower the corporate tax rate, allow expensing of equipment and technology investments and establish a permanent research and development tax credit. …
Dr. Holtz-Eakin is smart to want to walk away from this absurd Norquist pander, but will the media let Sen. McCain do the same?
Coming soon from Sen. McCain: I was against irresponsible tax cuts before I was for them.
UPDATE: My bad. Although this article didn’t mention expensing, it did mention the corporate rate cuts. Sorry for the error.