Comments on: Breaking Down McCain’s Latest Economic Plan http://wonkroom.thinkprogress.org/2008/10/14/mccain-latest-plan/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: AizMac http://wonkroom.thinkprogress.org/2008/10/14/mccain-latest-plan/comment-page-1/#comment-2682 AizMac Wed, 15 Oct 2008 17:36:45 +0000 http://wonkroom.thinkprogress.org/2008/10/14/mccain-latest-plan/#comment-2682 Right, reducing the corporate tax rate will encourage businesses to stay in the United States. Liberals always complain about "outsourcing of jobs" and now that McCain actually wants to do something about it, you're all up in arms! Right, reducing the corporate tax rate will encourage businesses to stay in the United States. Liberals always complain about “outsourcing of jobs” and now that McCain actually wants to do something about it, you’re all up in arms!

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2008/10/14/mccain-latest-plan/comment-page-1/#comment-2678 stateofthedivision Wed, 15 Oct 2008 16:28:08 +0000 http://wonkroom.thinkprogress.org/2008/10/14/mccain-latest-plan/#comment-2678 Charles Rossotti, Senior Adviser of The Carlyle Group, requested corporate tax rates of 25% and capital gains of 8.25% before the Senate Finance Committee in August 2006. Two years later, private equity's salivating order is in McCain's tax proposal. Carlyle co-founder David Rubenstein talked from Dubai's SuperReturn conference. He talked about it being a great time for PEU's & SWF's to invest in distressed financial institutions. Lehman's fall, cleared the way for a taxpayer bailout. Private equity will pump new life in the nearly dead financial sector. Yet, they bring greed and leverage, the two sins that contributed to the fall. Charles Rossotti, Senior Adviser of The Carlyle Group, requested corporate tax rates of 25% and capital gains of 8.25% before the Senate Finance Committee in August 2006.

Two years later, private equity’s salivating order is in McCain’s tax proposal. Carlyle co-founder David Rubenstein talked from Dubai’s SuperReturn conference. He talked about it being a great time for PEU’s & SWF’s to invest in distressed financial institutions.

Lehman’s fall, cleared the way for a taxpayer bailout. Private equity will pump new life in the nearly dead financial sector. Yet, they bring greed and leverage, the two sins that contributed to the fall.

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