From The Road
January 18, 2008 9:41 PM

McCain Noncommittal on Bush Stimulus Plan

By
Andante Higgins
Topics
John McCain
(CBS)
From CBS News' Dante Higgins:

MYRTLE BEACH, S.C. -- On the day before the South Carolina primary, John McCain talked about the economy and was noncommittal when asked if he'd support President Bush's economic stimulus plan.

He said the economy doesn't look good adding, "I am astonished but not too astonished because we let spending get out of control." McCain said that he did not think the U.S. was necessarily headed toward a recession but pointed out, "Nothing in this world is inevitable... We have to stop the out of control spending!"

"We need to cut the corporate tax rate from 35 to 25 percent," he said.

McCain called for permanent tax cuts but insisted cuts in spending at the same time is the only way those tax cuts could make a difference long term.

"When you cut taxes and you don't cut spending we have great difficulties we all know that. That's why the economy is where it is today. Out of control spending and so I think it's always helpful to cut taxes but if you don't cut spending you're going to face enormous fiscal problems. No family, no business, no country over time can spend more than it takes in without paying a penalty for it."

McCain mentioned President Bush's economic stimulus package saying, "People talk about a stimulus package. Fine if that's what you want to do, though I'd like to see details first."

McCain said he'd like to work with Congress the same way the President is, but did not say he was fully on board with the proposal.

"I have to see it. I can't tell you I'd vote for or against something that I haven't seen."

Add a Comment
by tmillerick January 20, 2008 2:20 PM EST
If your happy being part of a military empire nation, then by all means vote Rommney or McCain. Currently 50% of every federal dollar is spent on either defense or homeland security. http://treas.gov/press/releases/reports/additionaltable3.pdf

If you''d actually like to see your tax money spent on making America stronger, then vote Ron Paul.
Reply to this comment
by davidmwe January 19, 2008 10:33 AM EST
At least McCain is noncommittal, but only Ron Paul (in terms of presidential candidates) is the one with the answers for the economy:

http://ronpaul.myfeedportal.com/viewarticle.php?articleid=37
Reply to this comment
.

Follow From The Road

Scroll Left
Scroll Right More »
CBS News on Facebook
  • Building You a Better Morning

  • CBS This Morning

    "CBS This Morning," anchored by Charlie Rose, Gayle King and Erica Hill, airs weekdays from 7 to 9 a.m. ET and at the same time in other time zones.
    Learn more...