On the other hand, Reverend Jackson, that might have improved the Clinton administration.
John McCain’s economic plan heavily emphasizes growth, competitiveness, investment, and spending restraint. He would cut the corporate tax, eliminate the Alternative Minimum Tax, and keep the Bush tax cuts. He would let young people invest some of their Social Security contributions. He also pledges to balance the budget by 2013, which has drawn guffaws but should be feasible. It is a worthy plan, but an incomplete one. There is very little here in the way of tax relief for the middle class. They would benefit, of course, from the added growth that McCain’s policies would spur, and they would also get a modestly valuable increase in the dependent exemption. But voters are concerned about pocketbook issues. One of the parties ought to stand for letting them keep more of their hard-earned dollars, and it won’t be the Democrats.
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