That’s Right Nate

Thoughts from a right thinker.

McCain Has a Plan to End Oil Crisis

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With gas prices rising ever faster to the $5 per gallon mark, something needs to be done and done fast.

One of the Presidential campaigns has a plan to deal with this.  John McCain’s economic plan will give the 5 largest oil companies in this country a total $3.8 billion in tax savings.  The plan is that eventually they’ll have more money than they really know what to do with and when that happens the savings will start to trickle down to the American consumer.  Afterall, there’s only so much a major corporation can do with that kind of money.

McCain’s two point strategy involves cutting the corporate tax rate from 35% to 25% and then deduct immediately all their costs in equipment and technology.  This strategy is the perfect example of trickle down economics and will bear dividends.  Hopefully, McCain can get his chief political adviser Charlie Black to talk to the two oil companies he’s a registered lobbyist for and get them to accept the tax cut in the spirit it is given.



Written by thatsrightnate

June 11, 2008 at 9:27 pm

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