In his May 26, 2001, floor statement during the Senate debate on the Economic Growth and Tax Relief Reconciliation Act of 2001 conference committee report, McCain said that he opposed the bill providing the tax cuts because "so many of the benefits go to the most fortunate among us, at the expense of middle class Americans who most need tax relief." McCain also voted against legislation in 2003 to accelerate the tax reductions enacted in the 2001 bill and to cut dividends and capital gains taxes. On the April 11, 2004, edition of NBC's Meet the Press, McCain said, "I voted against the tax cuts because of the disproportionate amount that went to the wealthy Americans. I would clearly support not extending those tax cuts in order to help address the deficit. But the middle-income tax credits, the families, the child tax credits, the marriage tax credits, all of those I would keep."
Don't assume that McCain is some honorable maverick because of these statements. Even a troglodyte like Jesse Helms in 2004 could recognize and state the truth: (from the Wapo)
"I would not have voted for [President Bush's] tax cut, based on what I know. . . . There is no doubt that the people at the top who need a tax break the least will get the most benefit. . . . Too often presidents do things that don't end up helping the people they should be helping, and their staffs won't tell them their actions stink on ice."
-- Former senator Jesse Helms (R-N.C.), in a recent interview with Business North Carolina magazine
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