June 10, 2008

Brazen McCain Flip-Flop on the Estate Tax

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The Wonk Room has a good catch.

McCain in September 2005:

“I follow the course of a great Republican, Teddy Roosevelt, who talked about the malefactors of great wealth and gave us the estate tax. I oppose the rich passing on fortunes.”

McCain yesterday:

“The estate tax is one of the most unfair tax laws on the books.”

This of course compliments McCain’s biggest tax flip flop. Back when he cared more about principle and less about winning elections, he was against the Bush tax cuts for the wealthy. Now he’s for them, and more.

Former McCain flip-flops here and here.

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Managing an independent, nonprofit newsroom is staggeringly hard. There’s no cushion in our budget—no backup revenue, no corporate safety net. We can’t afford to fall short, and we can’t rely on corporations or deep-pocketed interests to fund the fierce, investigative journalism Mother Jones exists to do. That’s why we need you right now. Please chip in to help close the gap.

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