Sunday, October 19, 2008

McCain Talks The Fiscal Conservative Talk But Walks The Big Government Walk

Cato's David Boaz writes:
In his Saturday radio address [McCain] seized on Joe the Plumber’s question to candidate Obama:
My opponent’s answer showed that economic recovery isn’t even his top priority. His goal, as Senator Obama put it, is to “spread the wealth around.”

You see, he believes in redistributing wealth, not in policies that help us all make more of it. Joe, in his plainspoken way, said this sounded a lot like socialism. And a lot of Americans are thinking along those same lines. In the best case, “spreading the wealth around” is a familiar idea from the American left. And that kind of class warfare sure doesn’t sound like a “new kind of politics.”

This would also explain some big problems with my opponent’s claim that he will cut income taxes for 95 percent of Americans. You might ask: How do you cut income taxes for 95 percent of Americans, when more than 40 percent pay no income taxes right now? How do you reduce the number zero?

Well, that’s the key to Barack Obama’s whole plan: Since you can’t reduce taxes on those who pay zero, the government will write them all checks called a tax credit. And the Treasury will cover those checks by taxing other people, including a lot of folks just like Joe.

In other words, Barack Obama’s tax plan would convert the IRS into a giant welfare agency, redistributing massive amounts of wealth at the direction of politicians in Washington. I suppose when you’ve voted against lowering taxes 94 times, as Senator Obama has done, a new definition of the term “tax credit” comes in handy.

At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives. They use real numbers and honest language. And we should demand equal candor from Senator Obama. Raising taxes on some in order to give checks to others is not a tax cut it’s just another government giveaway.

That just might remind lots of voters why they don’t like to elect Democrats. Of course, it might work better if the Republicans hadn’t raised spending more than a trillion dollars. And if the current Republican administration hadn’t just nationalized the banks. And if McCain himself didn’t have a health care “tax credit” that also means that “the government will write them all checks.”

Real believers in economic liberty and small government have little reason to support McCain. The enormous military budget he favors dwarfs the pork barrel spending he loves to rail against. Not to mention his proposal to effectively nationalize an enormous swath of the housing sector. McCain's mere assertion that he is a legitimate fiscal conservative doesn't mean that he is. As I've pointed out before, Barry Goldwater is no doubt spinning in his grave over what the Republican Party has become.

Only those who favor bigoted social policies and a unilateralist, militaristic foreign policy have any reason to support today's Republican Party.

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