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22 bytes removed ,  22:43, December 10, 2008
→‎Economic issues: double title removd
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===Economy===
 
===Economy===
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===Economic issues===
   
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>
 
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>
  
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