What is john mccains stand on taxes?

Answer 1

New Tax Cuts:

Increase the dependent exemption by two-thirds (phased in by 2016)

Convert Research and Development credit to 10 percent of wages incurred for Research and Development, make permanent

Capitol Gains:

Make permanent current rates on capital gains and dividends, (0 and 15 percent)

Alternative Minimum Tax:

Make permanent current rates on capital gains and dividends, (0 and 15 percent)

Estate Tax:

Make permanent estate tax with $5 million exemption and 15 percent rate

Simplification:

Create optional alternative tax with two rates and larger standard deduction and personal exemption

Revenue Raisers and Tax Havens:

Repeal domestic production activities deduction

Eliminate oil and gas loopholes

Unspecified corporate base broadeners

Health:

Replace exclusion from income for employer sponsored health insurance with refundable credit of $2,500 for individuals and $5,000 for families who purchase qualifying health insurance

Other:

Ban internet and cell phone taxes