January 30, 2008

TOUGH TO RILE AN UNDERTAXED ELECTORATE:

McCainomics Beats Reaganomics (James Pethokoukis, 1/30/08, US News)

One of the interesting tidbits from the Florida GOP exit polls concerned the economy, with 45 percent of Republican voters, according to CNN, ranking it as their most important issue. And even though Mitt "I have the economy in my DNA" Romney stressed the economy as his key issue and promoted himself as an economic expert due to his private-equity—I mean, "venture capital"—background, John McCain won those voters by 40 percent to 32 percent. (And 63 percent, BTW, described the economy as "not so good/poor.") Moreover, exactly half of voters, according to CBS, said they would prefer that the next president place "a higher priority on reducing the budget deficit than on cutting taxes." With those voters, McCain crushed Romney 40 to 27.

By the time Ronald Reagan left office he'd raised taxes so much that the issue regained its salience, then George HW Bush and Bill Clinton both hiked them more. But W has cut them every year of his presidency and never hiked them, so it's not surprising the issue doesn't resonate.

Posted by Orrin Judd at January 30, 2008 5:48 PM
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