McCain Wants to Bankrupt the Country - Links

While the U.S. runs up the biggest deficits ever, our national debt grows by leaps and bounds, the U.S. dollar shrinks in value against virtually every major currency, our banks are on the verge of closing, the Feds have to bail out large lending companies like Bear-Stearns, Freddie Mac and Fannie Mae, and gas prices soar through the roof - John McCain wants to cut taxes for large corporations. To wit, from the Wonk Room over at Think Progress...

A new report from the Center For American Progress Action Fund finds that a key piece of John McCain’s tax plan — cutting the corporate tax rate from 35% to 25% — would cut taxes by almost $45 billion every year for America’s 200 largest corporations as identified by Fortune Magazine.

Now it turns out that many other huge corporations pay nothing in taxes in order to help sustain the U.S. This is from Reuters...

Most U.S. and foreign corporations doing business in the United States avoid paying any federal income taxes, despite trillions of dollars worth of sales, a government study released on Tuesday said.

Do Americans have enough intelligence to think this through and realize that this can't continue? Or will they continue to vote out of stupidity and embrace policies that could bankrupt the nation?