While the Democratic Party is busy battling it out for the nomination, Republican nominee is busy making plans on how to revive this downturned economy. How does he plan to do it? Reduce federal spending and cut taxes.
McCain plans to remove the federal tax on gasoline for the summer months, which currently sits at about 18.4 cents a gallon. It may not seem like much, but the blow that it would deal to the government’s budget would be in the billions. To help compensate for this cut in federal income, McCain would freeze expansion of federal offices and agencies. This seems rather unusual, that a Republican candidate would be against expansion of federal agencies when the party keeps promoting homeland security as one of their number one issues.
This however, is a clever trick. Promoting yourself as a Republican who will defend the security of the homeland and then at the same time pitch yourself as someone who will cut federal spending. McCain also said that he would cut back on congressionally pork-barrel spending saving an estimated 100 billion dollars.
I’m not too sure how I feel about cutting back on federal agency expansions, but cheaper gas. . .that does have a nice ring to it.
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