Posted by
Rich on Sunday, April 20, 2008 3:16:08 PM

In their editorial the liberal Sarasota Herald-Tribune focuses on one proposal by Senator John McCain in, "
Gas-tax break is a mirage".
First
the liberal editorial board cherry picks what Senator McCain said. Here
are the exact words he used on suspending all taxes on gasoline:
"I
propose that the federal government suspend all taxes on gasoline now
paid by the American people -- from Memorial Day to Labor Day of this
year. The effect will be an immediate economic stimulus -- taking a few
dollars off the price of a tank of gas every time a family, a farmer,
or trucker stops to fill up. Over the same period, our government
should suspend the purchase of oil for the Strategic Petroleum Reserve,
which has also contributed to the rising price of oil. This measure,
combined with the summer-long "gas-tax holiday," will bring a timely
reduction in the price of gasoline. And because the cost of gas affects
the price of food, packaging, and just about everything else, these
immediate steps will help to spread relief across the American economy."
Secondly,
what the Sarasota Herald-Tribune does not tell you is Senator McCain's
vision for the economy and America's future. There are
many more important points in his speech than the suspension of all gas-taxes.
The liberal Sarasota Herald-Tribune editorial board does not want you to know about them. Well we do.
Here are some of the really important things that Senator McCain said in his breath taking speech on the economy
at Carnegie Mellon University in Pittsburgh, PA:
"We
need rules that assure fairness and punish wrongdoing in the market. We
need tax policies that respect the wage-earners and job creators who
make this economy run, and help them to succeed in a global economy."
"Americans
are also right to be offended when the extravagant salaries and
severance deals of CEO's -- in some cases, the very same CEO's who
helped to bring on these market troubles -- bear no relation to the
success of the company or the wishes of shareholders."
"In the
end, the truest measure of prosperity in America is the success and
financial security of those who earn wages and meet payrolls in this
country. Many are waiting for their first homes... their first big
break... their first shot at financial security. And helping them will
be my first priority in setting the economic policies of this nation."
"...many
in Congress think Americans are under-taxed. They speak as if letting
you keep your own earnings were an act of charity, and now they have
decided you've had enough. By allowing many of the current low tax
rates to expire, they would impose -- overnight -- the single largest
tax increase since the Second World War. Among supporters of a tax
increase are Senators Obama and Clinton. Both promise big "change." And
a trillion dollars in new taxes over the next decade would certainly
fit that description."
"I
will use the veto as needed, and as the Founders intended. I will veto
every bill with earmarks, until the Congress stops sending bills with
earmarks. I will seek a constitutionally valid line-item veto to end
the practice once and for all. I will lead across-the-board reforms in
the federal tax code, removing myriad corporate tax loopholes that are
costly, unfair, and inconsistent with a free-market economy."
"...we
will institute a one-year pause in discretionary spending increases
with the necessary exemption of military spending and veterans
benefits. "Discretionary spending" is a term people throw around a lot
in Washington, while actual discretion is seldom exercised. Instead,
every program comes with a built-in assumption that it should go on
forever, and its budget increase forever. My administration will change
that way of thinking."
"In my administration there will be no
more subsidies for special pleaders -- no more corporate welfare -- no
more throwing around billions of dollars of the people's money on pet
projects, while the people themselves are struggling to afford their
homes, groceries, and gas. We are going to get our priorities straight
in Washington -- a clean break from years of squandered wealth and
wasted chances."
"I will send to Congress a proposal to cut the [corporate] taxes these employers pay, from a rate of 35 to 25 percent."
"I
will also send to the Congress a middle-class tax cut -- a complete
phase-out of the Alternative Minimum Tax to save more than 25 million
middle-class families more than 2,000 dollars every year."
"Our
tax laws and those who enforce them should treat all citizens with
respect, whether they are married or single. But mothers and fathers
bear special responsibilities, and the tax code must recognize this.
Inflation has eroded the value of the exemption for dependents. I will
send to Congress a reform to increase the exemption -- with the goal of
doubling it from 3,500 dollars to 7,000 dollars for every dependent, in
every family in America."
"What we need is a simpler, a flatter,
and a fair tax code. As president, I will propose an alternative tax
system. When this reform is enacted, all who wish to file under the
current system could still do so. And everyone else could choose a
vastly less complicated system with two tax rates and a generous
standard deduction."
"Those who can afford to buy their own
prescription drugs should be expected to do so. This reform alone will
save billions of dollars that could be returned to taxpayers or put to
better use."
To read the full speech and the sweeping reforms that Senator McCain is proposing go
here.
We
continue to be amazed at what the liberal Sarasota Herald-Tribune wants
you to know but more importantly what it doesn't want you to know.
Their editorial is at best dis-information and at worst political pandering to the liberal view point and dishonest journalism.