McCain econ adviser: McCain’s tax plan ‘will make deficits expand.’

On Friday, Center for American Progress Action Fund Senior Fellow Robert Gordon and Domestic Policy Advisor James Kvaal released a report detailing how Sen. John McCain’s (R-AZ) tax plan costs more than $2 trillion in the first decade by doubling the Bush tax cuts. One of McCain’s economic advisers, former CBO Director Douglas Holtz-Eakin, responded to the report yesterday, as well as CAPAF criticism of McCain’s health plan. Holtz-Eakin concedes that McCain’s tax plan “will make deficits expand up front,” but argues that “voters should wait” before “passing judgment” on McCain’s plan.

Gordon, Kvaal, and CAPAF Senior Fellow Jeanne Lambrew respond to Holtz-Eakin at the Wonk Room.