Excerpt:An analysis of a plan with a similar structure, the Tax Policy Center found that tax revenue reduction would have the potential to increase deficits by $7 trillion over 10 years if all taxpayers took advantage of it. Under that plan, proposed by former Republican candidate Fred Thompson and a similar one by Rep.Paul Ryan, filers making between $100,000 and $500,000 would see the biggest break.
In terms of taxes, McCain made several proposals. He said he would offer an alternative tax system that would consist of just two tax rates and a larger standard deduction than under the current code. Tax filers would be allowed to choose whether they wished to file under the current system or the new one.
One of the most insidious lines of reasoning underlying Republican fiscal policy has been the idea they are offering taxpayers a choice between the current system and their system. Whether it is McCain’s Two America’s tax policy or Ryan’s Tax Choice plan, they’re nearly identical and both play off on the idea of offering the taxpayer the irresistible choice of paying less at the federal level.
Much like Ryan’s now defunct Social Security privatization plan which also carried with it the participant's ability to stay in the current system or join their alternative, all of the “choice” plans are driven to defund a heavily indebted Federal government by encouraging less participation in our shared sacrifice paying the nation's bills.
In this most basic yet indirect way, Republicans stay on the tax cut track to remain in office, that's all they have even if they have to destroy America.
"We have an unemployment insurance program straight out of the 1950s. It was designed to assist workers through a few tough months during an economic downturn until their old jobs came back. That program has no relevance to the world we live in today," McCain said.McCain is right for a change on this one……... today, their jobs aren’t coming back.
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