April 15th, 2008
11:50 AM ET
6 years ago

McCain plan to target tax code, gas prices

CNN

Watch portions of McCain's speech Tuesday.

PITTSBURGH, Pennsylvania (CNN) – An end to earmarks, a gas-tax holiday, government-backed mortgages - they're all part of an economic-revival plan that a top aide to GOP Sen. John McCain described Tuesday as "big and ambitious."

The presumed Republican nominee also wants to create an alternative system for paying income taxes and double the income tax exemption for dependents, McCain said during a Tuesday speech at Carnegie Mellon University in Pittsburgh.

The senator from Arizona is proposing an income tax system that offers two basic rates and a "generous standard deduction," he said. McCain would let Americans choose between the new system and the present one.

Full story


Filed under: John McCain
soundoff (136 Responses)
  1. one nation under god!!!!

    hey dems mainly obama supporters,promise me youll leave the country when McCaine wins in a landslide.Oh yea i forgot immagrating to another country is hard,i keep thinking its as easy as it is for mexicans

    April 15, 2008 03:28 pm at 3:28 pm |
  2. JOSH

    Wow, smells fishy to me. This reminds me of the time Obama said he never heard any controversial remarks from Wright, then two days later admitted he had heard them. I bet in a week or two his memory will clear up and he can recall being at this party.
    FOX NEWS PLEASE LOOK AT THE NEW STORY WITH TONY RESKO AND OBAMA ON THE CHICAGO SUN TIMES OH MY GOD OBAMA IS A LIAR!!!!!!!!!!!!!

    April 15, 2008 03:35 pm at 3:35 pm |
  3. AZM

    Nice to see you started working on ideas John... might as well do something while the other two spend their time kicking each other in the teeth.... they keep it up just a few more months and you can start moving your things into the white house!

    No bashing... just ideas... nice change...

    Thanks for the article CNN!

    April 15, 2008 03:41 pm at 3:41 pm |
  4. WhosehadEnough

    Who does Sen. McCain think he's fooling? Everyone knows right before the general election,,,,,the Saudi's are going to flood the oil market, making the price of gas go down.

    Our country screwed up.....while countries in Europe and Japan were investing in high-speed rail lines....America was busy investing in widening our highways.

    April 15, 2008 03:45 pm at 3:45 pm |
  5. Bryant

    Thanks for the plan John, but wouldn't it make sense to curb unnecessary spending on "useless and outdated" government programs AND put an end to the seemingly limitless spending in Iraq? Funding for schools and the homeland security programs are also part of the programs set to be "freezed" if McCain becomes president. Also, your proposed gas tax cuts seem great however the cuts would lead to an increased demand which would in turn send the already record setting oil prices through the roof! Would be a great Labor Day present for all of us when we are forced to pay 5.50 for a gallon of gas instead of 4.He was right, the economy is not his strong point.

    April 15, 2008 03:46 pm at 3:46 pm |
  6. Eric

    McCain graduated near the bottom of his Navy School, Obama graduated near the top (or at) of Harvard's Law school.........who would you pick for the job?

    April 15, 2008 03:49 pm at 3:49 pm |
  7. 60 YO white female , Springfield, VA

    Yeah, suspend the federal tax and the state tax will probably rise!

    Obama 08

    April 15, 2008 03:53 pm at 3:53 pm |
  8. Bukky

    Instead of a gas tax holiday how about
    1) Requiring better MPG for cars
    2) HIGHER taxes for the idiots that wanna drive cars that get 8MPG
    3) Actually find out HOW ppl are stuggling to buy gas but exxon in RAKING in the loot and STILL getting tax breaks
    4) How about NO tax breaks for companies posting profits and more for airline industry that is sinking BECAUASE of gas prices.

    Instead of MORE TAX CUTS how about
    1) Bringing DOWN the national debt so the dollar can get out of the crapper.

    He has all these ideas to put more money in the pockets of rich people but its not rich people that are suffering...

    April 15, 2008 04:10 pm at 4:10 pm |
  9. Richenel

    I am so glad that i am a citizen of the EU.

    EURO is going stronger and stronger as long as your funny republicans stay there on their throne.

    Obama 2008!

    April 15, 2008 04:37 pm at 4:37 pm |
  10. DJ, LA, CA

    How about RAISING gas tax for all SUV's and LOWERING taxes for the rest of us.

    All these Hummers, Gas-hogs and what not that people drive for status or make them feel more secure should be penalized for driving-up the fuel demand 200% from 15 years ago before all these gas guzzlers were on the road.

    Yeah and all it would take is making Congress ban NEW auto sales of vehicles that get less than 20mpg except for business-related trucks.

    April 15, 2008 04:39 pm at 4:39 pm |
  11. Cal Jim 2

    Dear John, I want to thank you for your service to our country, over the years. This country is lucky to have a man, of your high character, running for our highest office. As a democrate, I am pulling for Hillary, but if the anti- American, gets the nomination, due to the extream far leftist, infesting our party. I feel very comfortable, and even honored, voting for a republican, with your stellar history. I think you have a good and needed point, with the gas tax issue you mentioned, for this summer. I hope it comes to be. A few more brakes to the public, would be good. God knows, we can use a few more brakes about now. I believe that you are not only a man of your word, but a man of the people as well. All Americans needs is a fare shake, to get us going again. You know, a hand, not a handout. Whatever happens in this Presidential cycle,God bless you and protect you. You are truely one of the toughest Americans, and honorable patriots, to come along in my lifetime. Jim.

    April 15, 2008 11:35 pm at 11:35 pm |
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