Bush Sr: Read my lips, no new taxes.
Do you really trust McCain to continue the Bush Jr. plan? Of course, he'll say it until elected even if he doesn't intend to actually follow through.
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In 2001, McCain and Republican apostate Lincoln Chafee were the only two Republican senators to vote against the first Bush tax cut. In 2003, he was one of three Republicans to vote against the second round, which is one of the reasons the Club for Growth hates him so much. McCain correctly noted that it didn't make sense to cut taxes in a time of war, especially in ways that benefited the wealthy to such a large degree. He voted against the Medicare prescription drug benefit, recognizing it as a massive unfunded entitlement.
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In fact, there's a degree to which many of the wealthy have more to fear from McCain than from Obama or Clinton. McCain isn't a creature of Wall Street. Clinton, Obama, and Giuliani have received far more cash from the financial-services industry than McCain has. Mitt Romney made his fortune in private equity. Of the three (or four) remaining serious candidates, McCain is probably the most likely to call bull on the loophole that lets private equity and hedge fund managers pay a 15 percent capital gains tax on wages they're paid for managing other people's money.
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