McCain Refuses To Raise Taxes To Pay For War: ‘I’m Not Sure What The Point Would Be’

In an interview with Bloomberg Television, Sen. John McCain (R-AZ) was asked by Al Hunt whether he would support raising taxes on the very wealthy to help pay for a new $1 billion jobs creation program for Iraq that President Bush is set to unveil this week.

“I’m not sure what the point would be,” McCain said in response to whether wealthier Americans should be asked to pay more to offset the costs in Iraq. He added, “I’m not sure I would want to raise their taxes just because we’re in a war.” Watch it:


Washington Post columnist E.J. Dionne wrote recently, “So here we are: Policymakers and politicians will demand more and more from the volunteers who serve our country, but they can’t find the gumption to ask shareholders to pay a bit more tax on their dividends or high earners to pay slightly larger levies on their incomes. By my back-of-the-envelope calculations, since 2001 we’ve offered $2 in tax cuts for every $1 we have spent on the wars in Iraq and Afghanistan. And conservatives wonder why we have deficits.”


Full transcript:

HUNT: Why not ask some wealthy Americans to pay more?

MCCAIN: Uh, umm, I’m not sure that that’s connected. I think if we have to, we ought to make some choices in defense spending if we need to.

HUNT: So you would resist asking more affluent Americans to pay more taxes to help support this war?

MCCAIN: Yeah, because then… I’m not sure what the point would be. I would certainly ask Americans to serve. I would ask them to make other sacrifices, but I’m not sure I would want to raise their taxes just because we’re in a war.