Wednesday, October 29, 2008

CQ Politics | Sorting Out the Truth on McCain’s “Socialism” Allegations

TRICK OR TREAT?
Just in time for Halloween, the campaign's biggest scare tactic is the Socialist Boogeyman. Progressive taxes do indeed spread the wealth a bit. But they do so much more modestly than government owning the means of production. Few serious policy makers — including McCain — consider progressive taxation socialist. In fact, on the October 26, 2008 edition of NBC’s Meet the Press, McCain stood by a comment he made in 2000 that “there’s nothing wrong with paying somewhat more” in taxes when you “reach a certain level of comfort.”
(CONGRESSIONAL QUARTERLY)

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