McCain's Economics

[carolaa]

This was today from AP:

". . . Campaigning on her own, the Alaska governor also said Democratic presidential candidate Barack Obama 'wants to raise income taxes and raise payroll taxes and raise investment income taxes and raise business taxes and raise the death tax.

'But John McCain and I know that's not the way you grow the economy,' she added.

"In fact, independent groups such as the Tax Policy Center have concluded that four out of five U.S. households would receive tax cuts under Obama's proposal, which include higher income and payroll taxes only for the wealthiest wage-earners. . . ."

Didn't McCain himself admit he doesn't know much about economics?

[Dr. Shane]

If we raise taxes on business we raise taxes on everyone that buys clothing, food, gasoline and anything else from a business. If we raise taxes on businesses we keep our business from being competitive on a global scale. The best way to get companies to move their factories overseas is to raise taxes on them here.