Changes

===Economy===

===Economy===

===Economic issues===

===Economic issues===

Upon the Republicans gaining office in 2001, McCain opposed a $1.35 trillion cut in [[taxation]] over 10 years, but switched his position around 2006, and voted to renew it twice. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the [[Estate tax|tax on estates]]. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref>

Upon his party gaining the White House in 2001, McCain opposed a $1.35 trillion cut in [[taxation]] over 10 years, but switched his position around 2006, and voted to renew it twice. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the [[Estate tax|tax on estates]]. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref>

Since the tax cuts, [[IRS]] revenues increased from $1.78 trillion in 2003 to $2.56 trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts, it is the largest four-year revenue increase in U.S. history<ref>http://online.wsj.com/article/SB119189497675953035.html?mod=googlenews_wsj</ref>

Since the tax cuts, [[IRS]] revenues increased from $1.78 trillion in 2003 to $2.56 trillion in 2007 with a 46.3% increase of individual income tax receipts. Surging $785 billion since the 2003 investment tax cuts, it is the largest four-year revenue increase in U.S. history<ref>http://online.wsj.com/article/SB119189497675953035.html?mod=googlenews_wsj</ref>