McCain Outlines More Specific Fiscal Stance

Candidate looks to cut taxes, project fiscal responsibility
By Kevin Spak,  Newser Staff
Posted Mar 3, 2008 12:45 PM CST
Republican presidential hopeful, Sen. John McCain, R-Ariz., speaks to employees at Dell Inc. during a campaign stop in Round Rock, Texas, Friday, Feb. 29, 2008. (AP Photo/Gerald Herbert)   (Associated Press)
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(Newser) – How would John McCain run the economy, really? In an interview with the Wall Street Journal, the candidate tried to answer that question, positioning himself as a fiscally responsible defender of the Bush tax cuts. But the candidate’s tax proposals don’t quite add up, the Journal notes, and he contradicted his own website’s statements on Social Security.

McCain is promising a balanced budget, but he’s proposed $100 billion a year in new corporate tax cuts, which none of his spending cuts will cover. And though he promised not to raise taxes, “there could be a fairer, flatter tax proposal that you might look at the minutiae of it and say, well, that's going to increase somebody's taxes.”