It’s no secret Senator John McCain is against President Trump’s MAGA agenda. McCain enthusiastically voted against a bill which would have killed Obamacare. Who can forget the “thumbs down,” seen across the U.S.? A new opinion piece says McCain’s history on tax policy suggests the Arizona lawmaker could thwart President Trump’s plan to drastically cut taxes.
Washington Post reports:
Arizona Republican, who is fighting a public battle with brain cancer, will be among his party’s most closely watched as the year winds down and the tax debate gears up. Yet over his decades in public life, McCain has traced a zigzagging line on the subject,leaving little clear indication of how he’ll approach a potentially decisive vote. A look at the senator’s record on taxes shows that three things seem most important to him: public debate, some help for the middle class, and not exploding the deficit.
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On tax policy itself, McCain has proved a moving target. He opposed the 2001 Bush tax cuts — one of only two Republicans to do so — citing what he called the bill’s lopsided benefits for the wealthy. “I cannot in good conscience support a tax cut in which so many of the benefits go to the most fortunate among us, at the expense of middle-class Americans who most need tax relief,” he said. Two years later, he was one of only three Republicans to vote against the next round of Bush cuts, again citing its skew toward the rich but also the deficit impact of another round of breaks as the country faced mounting war bills.
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More recently, McCain sounded more like his trustbusting political hero, Teddy Roosevelt, when he confronted Apple’s tax-dodging strategies. In a 2013 hearing, he joined with then-Sen. Carl Levin (D-Mich.) in criticizing chief executive Tim Cook. “U.S. corporations cannot continue to avoid paying their appropriate share in taxes,” McCain told the tech honcho. “Our military can’t afford it. Our economy cannot endure it. And the American people will not tolerate it.”
Click here to read the full report.
McCain shooting down the best chance the GOP has to repeal Obamacare must not be forgotten when considering President Trump’s efforts to get tax reform done.
Senator John McCain told reporters in September he couldn’t support the latest Obamacare repeal bill.
His hatred for Trump and the working man takes precedence over his campaign promises.
John McCain ran his election campaign on repealing Obamacare.
John McCain even ran campaign ads promising to repeal and replace Obamacare.
John McCain called Obamacare “an exercise in sleaze” back in 2012.
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John McCain is a liar.
Today McCain said he would not vote for the repeal of Obamacare — again.
McCain killed the bill in July.
Obamacare premiums in Arizona were up over 100% in 2016.
CNBC reported:
Sen. John McCain, R-Ariz., on Friday said he “cannot in good conscience vote for the Graham Cassidy proposal.
McCain is one of four Republican senators who have been undecided on the GOP healthcare overhaul, and his opposition dealt the bill’s chances a significant blow.
Also on Friday, Sen. Susan Collins, R-Maine, said she is leaning toward voting NO on Graham Cassidy. Kentucky Sen. Rand Paul has already expressed his his opposition to the bill, which he said didn’t fully repeal the Affordable Care Act.
If all three of these votes are nay votes, the bill would not pass. Republicans have until Sept. 30 to pass a health care bill with only 50 votes. After that, they will need 60 votes, a nearly impossible threshold to meet.
President Trump truly believes tax reform under his watch is a once in a lifetime proposal.
CNN reports:
President Donald Trump on Wednesday unveiled a Republican framework for tax reform that calls for sweeping tax cuts and a simplification of the tax code, framing the effort in a speech as a historic opportunity. “This is a once-in-a-generation opportunity, and I guess it’s probably something I could say that I’m very good at,” Trump said during remarks in Indiana. “I’ve been waiting for this for a long time. We’re going to cut taxes for the middle class, make the tax code simpler and more fair for everyday Americans. And we are going to bring back the jobs and wealth that have left our country and most people thought left our country for good.”
Below is a rough framework for Trump’s tax plan via The Balance.
