McCain will extend the Bush tax cuts, declare a gasoline tax moratorium, lower capital gains, and increase individual income tax deductions. He plans to balance the budget by reducing Federal spending. Question, is there enough fat to cut?
Well let's see. $18 billion in pork. $11.5 billion for fancy presidential helicopters. $30 billion in farm subsidies. We could declare the Interstate Highway system complete and close down the highway trust fund. That is good for $100 billion a year savings. Repeal the "energy bill" which is a $30 billion subsidy to the oil companies. Drop the ethanol subsidy. That's about $190 billion in savings right there. There is surely more.
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