Next up - Erratic McCain to come up with new big tax cuts.

[grantcart]

http://www.freep.com/article/20081012/NEWS15/81012024/1118/RSS

WASHINGTON -- A top adviser to Republican John McCain said today the presidential hopeful is weighing new economic proposals to help the nation weather the financial crisis.


Sen. Lindsey Graham, R-S.C., said McCain was considering policy proposals that would cut taxes on investments.

“I think it goes along the lines of now’s the time to lower tax rates for investors, capital gains tax, dividend tax rates, to make sure that we can get the economy jump-started,” Graham said on “Face the Nation” on CBS. “It will be a very comprehensive approach to jump-start the economy by allowing capital to be formed easier in America by lowering taxes

[whistle]

1. McCain will eliminate income taxes all together impose value added taxes

[Two Americas]

2. amazing

Talk about swimming against the tide of history.

[Kurt_and_Hunter]

3. Their Capital Gains tax holiday should finish off the stock market once and for all

They are talking about a temporary capital gains tax cut as stimulus.

You don't realize capital gains until you sell an asset.

So these F'ing idiots want to give people an inducement to sell stocks and bonds and real estate NOW while the world is trying to stave of a deflationary spiral.

Unreal.

[Ilsa]

4. By Nov. 1st, he'll be guaranteeing that no one will ever have to pay taxes again. nt

[Heather MC]

9. I was kinda hoping he would be standing on top of a building in DC tossing money over the side

frantically screaming
vote for me!!!

[Median Democrat]

5. Of Course, In Today's Market, How Can Anyone Tax Capital Gains? WHERE ARE THE GAINS?

I wish I had some gains in the few stocks I own that could potentially be taxed! Indeed, I am considering selling and buying similar stocks so that I can realize the TAX LOSS! The S&P 500 is lower than it has been since 1997! Where are the gains that can be taxed? Also, why pass a capital gains tax cut to encourage people to sell? Only a Republican would think that we need to encourage even more people to sell their stocks and mutual funds in this market, particularly when most folks are suffering losses in their portfolios.

[phrigndumass]

6. More trickle-down??!!

Insanity. Cindy's finances must be feeling the pinch.

:crazy:

[Marsala]

7. But will he promise all of us a pony?

I'd settle for a free lunch. I'm sure McCain would promise us all one.

[AlinPA]

8. Most people don't even care about those tax rates. They don't apply to

laid off people or those working two jobs, or people without health insurance.

[Motown_Johnny]

10. The problem with a one trick pony is that the trick gets old and you just want it to stop