Commentary: McCain will keep taxes low and rein in spending
By Carly Fiorina
Special to CNN
http://www.cnn.com/2008/POLITICS/08/26/fiorina.economy/index.htmlEditor's Note: Carly Fiorina started as a salesperson for AT&T at 25 and eventually became the most powerful woman in American business, according to Fortune. Fiorina stepped down as chief executive of Hewlett-Packard three years ago. She is chairwoman of the Republican National Committee's Victory '08 and is a senior adviser to Sen. John McCain. This is one of a series of commentary pieces on CNN.com from both McCain and Obama supporters attending party conventions. For a view from the Obama campaign, read here.
(CNN) -- As hard-working Americans struggle through the current economic downturn, it is important that voters fully understand the fiscal policies of the two men vying to be our next commander-in-chief.
While John McCain has proposed a clear pro-growth agenda that will jump-start our economy and create millions of jobs, Barack Obama's rhetoric and record suggests he will revert to the failed, big-government policies of the past.
Americans know how to succeed. They need a government that creates an environment to unleash the creativity and ingenuity of the American people to create jobs, not more programs from Washington.
Throughout his Senate career, John McCain has a consistent record of cutting taxes. As president, he will fight efforts to increase the current tax rates, and will require a 3/5 majority vote in Congress to raise future taxes. He will keep the current rates on dividends and capital gains, while permitting businesses to immediately deduct the cost of equipment and technology, a powerful incentive for business expansion and job creation.
He'll also keep America competitive in the global economy by reducing taxes on businesses and giving a tax credit for the hiring of research and development workers. America levies the second-highest business tax rate of any industrialized country. To attract jobs here, that has to change.