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Healthy Economy

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Marvin Kahn

Published: October 18, 2008

A healthy economy is key to America's strength. John McCain has a plan to keep our economy strong. It includes real benefits for the middle-class worker. For example, the elimination of the Alternative Minimum Tax (AMT) would save 25 million middle class families nearly $60 billion in a single year. McCain would double the personal exemption for dependents from $3,500 to $7,500.

McCain would maintain the income and investment tax rates at their current level, which is the key to insuring economic growth of small business and entrepreneurs. McCain would allow for immediate deductions on the purchase of equipment (rather than depreciation over several years.) This will spur new jobs and innovation.

Looking to stop the tide of businesses having to outsource their operations, McCain would make the United States the best place to start and run a business and make products by reducing the federal corporate tax rate from 35-25 percent.

Other key parts of McCain's economic plan include: Permanently banning internet taxes, banning new cell phone taxes, establishing a permanent tax credit equal to 10 percent of wages spent on research and development, lowering Medicare premiums and creating a choice of an alternative new and simpler tax system.

The McCain plan will mean more jobs and less taxes and that benefits everyone. Obama proposes exactly the wrong kind of change: Billions in new spending, massive new government programs and increased taxes. Obama's plan will hit small businesses, the job generators of our society. Most people would rather have a job than a government hand out disguised as a tax cut. The choice is clear.

Marvin Kahn
Sebring

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