Will the Real Tax-and-Spender Please ‘Fess Up?

From McCain Source: News | Original Article

Senator John McCain has stepped up efforts to paint his rival, Senator Barack Obama, as what he calls a traditional Democratic tax-and-spend liberal. On Tuesday, for instance, Mr. McCain, addressing a business gathering, accused Mr. Obama of wanting to enact “the largest single tax increase since World War II.”

Mr. McCain also said that “under Senator Obama’s tax plan, Americans of every background would see their taxes rise — seniors, parents, small-business owners and just about everyone who has even a modest investment in the market.” He used much the same language in an April 15 speech in which he warned that Democrats “are going to raise your taxes by thousands of dollars per year,” adding up to “a trillion dollars in new taxes over the next decade.”

Economists of various ideological persuasions, however, view Mr. McCain’s assessment as inaccurate or exaggerated.

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