Econ 102

McCain pounds away on the tax issue, lying along the way:

“These are tough times. Tough times in Wisconsin. Tough times in Ohio. Tough times all over America,” McCain told thousands packed into the picturesque downtown of Cedarburg, Wis. “My opponent will raise your taxes. My tax cuts will create jobs. His tax increases — increases, he wants to increase your taxes! — he’ll eliminate ’em!”

First of all, I rather doubt many people in that crowd would pay more under Obama’s tax plan. Second, why does the GOP keep getting away with the taxes/jobs meme when according to the Congressional Research Service (warning, PDF) economists say tax changes at this level don’t make much difference in macro-economic performance?

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One Response

  1. McCain’s economics guru Phil Gramm gave us the S&L crisis in the ’80s, ENRON,subprime mortgage disaster and runaway oil futures speculation.

    By his own admission, he knows little about economics.

    I rest my case.

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