A View From Middle England - Conservative with a slight libertarian touch - For Christian charity and traditional belief - Free Enterprise NOT Covert Corporatism

Wednesday, August 20, 2008

McCain's taxman v. Obama's taxman! Taxing times ahead?

John McCain's senior economic adviser is Doug Holtz-Eakin and Barack Obama's senior economic adviser is Austan Goolsbee. The BBC had the grand idea of putting them head to head.

Mr Goolsbee said, "Barack Obama's tax cuts for ordinary Americans are three times larger than John McCain's. The way that John McCain's package ends up being three to four trillion dollars more is that they give humungous tax cuts to high income people and large corporations." One in the eye for McCain.

Mr Holtz-Eakin told the BBC, "In this economy in the past six months with over 400,000 jobs lost we've seen the small businesses - those with less than 50 employees - add 283,000 jobs."

He underlined the importance of not damaging those small businesses. "Keep them in a position where they don't have onerous health care costs and mandates to provide expensive benefits to their employees." Which basically implies that Obama would stifle enterprise.

I think the only way to get out of this mess is for BOTH business and individuals to feel that they are succeeding. Just favouring one only will just cause more problems.

Listen here to the debate.


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