Straightest Talk Ever

John McCain makes no new taxes pledge, also promises to start taxing approximately $1 trillion in currently untaxed compensation.

Comments

This is straight talk because McCain refuses to raise income taxes. Poor people don't pay taxes because FICA and Medicare/Medicaid don't count as income taxes. The untaxed compensation at issue would be a tax on wages, not income. See?

Posted by Peter Driscoll | February 20, 2008 2:16 PM

Uhm, isn't there an off-setting credit on the individual side? That was the Bush administration proposal. It is a capped credit, so I suppose that it is a tax increase of sorts.

Posted by Thomas | February 20, 2008 3:52 PM