McCain would cut taxes

McCain would cut taxes….. but don’t republicans already have the whitehouse?

Despite being part of the incumbant presidential party, Sen. John McCain said on Thursday many Americans were struggling to find jobs and pay rising food and fuel bills, and predicted the tax cuts he would support as president would spur economic growth.

Accepting the Republican party’s presidential nomination on a day when Wall Street suffered its steepest decline in more than two months on concerns about a weakening job market, McCain also vowed to improve assistance for workers displaced by trade.

“These are tough times for many of you,” McCain said.

“You’re worried about keeping your job or finding a new one, and are struggling to put food on the table and stay in your home. All you ever asked of government is to stand on your side, not in your way. And that’s just what I intend to do: stand on your side and fight for your future.”

Opinion polls show that the economy has supplanted the Iraq war as the No. 1 issue two months before the election. The housing bust, financial market turmoil and rising inflation threaten to trigger a recession.

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