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Taxes: Simpler, Fair, Pro-Growth and Competitive
Keep Tax Rates Low: Entrepreneurs are at the heart of American innovation, growth and prosperity.
Entrepreneurs create the ultimate job security - a new, better opportunity if your current job goes away.
Entrepreneurs should not be taxed into submission. John McCain will keep the top tax rate at 35 percent,
maintain the 15 percent rates on dividends and capital gains, and phase-out the Alternative Minimum Tax.
Small businesses are the heart of job growth; raising taxes on them hurts every worker.
Cut The Corporate Tax Rate From 35 To 25 Percent: A lower corporate tax rate is essential to keeping
good jobs in the United States. America was once a low-tax business environment, but as our trade
partners lowered their rates, America failed to keep pace. We now have the second highest corporate tax
rate in the world, making America a less attractive place for companies to do business. American workers
deserve the chance to make fine products here and sell them around the globe.
Allow First-Year Deduction, Or "Expensing", Of Equipment And Technology Investments: American
workers need the finest technologies to compete. Expensing of equipment and technology will provide an
immediate boost to capital expenditures and reward investments in cutting-edge technologies.
Establish Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D: This reform will simplify
the tax code, reward activity in the United States, and make us more competitive with other countries. A
permanent credit will provide an incentive to innovate and remove uncertainty. At a time when our
companies need to be more competitive, we need to provide a permanent incentive to innovate, and
remove the uncertainty now hanging over businesses as they make R&D investment decisions.
Ban Internet Taxes: John McCain believes we must make a farsighted, robust, and fervent commitment to
innovation and new technologies to sustain our global competitiveness, meet our national security
challenges, achieve less costly and more effective health care, reduce dangerous dependence on foreign
sources of oil, and raise the quality of education in the United States. John McCain has been a leader in
keeping the Internet free of taxes. As President, he will seek a permanent ban on taxes that threaten this
engine of economic growth and prosperity.
Ban New Cell Phone Taxes: John McCain understands that the same people that would tax e-mail will tax
every text message - and even 911 calls. John McCain will prohibit new cellular telephone taxes.
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