Straight Just Talk Express:
John McCain, 2002 edition:
I am concerned that repeal of the estate tax would provide massive benefits solely to the wealthiest and highest-income taxpayers in the country. A Treasury Department study found that almost no estate tax has been paid by lower- and middle-income taxpayers. But taxes have been paid on the estates of people who were in the highest 20% of the income distribution at the time of their death. It found that 91% of all estate taxes are paid by the estates of people whose annual income exceeded $190,000 around the time of their death.John McCain, 2008 edition:
Another of my disagreements with Senator Obama concerns the estate tax, which he proposes to increase to a top rate of 55 percent. The estate tax is one of the most unfair tax laws on the books, and the first step to reform is to keep it predictable and keep it low.Hmm. We'll give him ten out of ten points for "willingness to abandon principle when politically expedient," but you know what would really put this over the top? If he threw in a gratuitous lie to make Obama's plan seem just a little more extreme. Oh, here we go:
Obama's actual plan: Make permanent estate tax with $3.5 million exemption and 45 percent rate.Nailed it!
This is gonna be a fun campaign. Does McCain know that people have memories and that records of the past exist? Or does he think he can just contradict himself endlessly and nobody will notice? Maybe he just makes shit up as he goes along and simply can't remember all the stuff he's said in the past.