Source:
ap GOP rivals back tax, spending cuts in SC
By LIZ SIDOTI, Associated Press Writer 35 minutes ago
MYRTLE BEACH, S.C. - Republican presidential rivals backed a blend of tax and spending cuts Thursday night to head off an election-year recession they generally agreed is avoidable. "We should reduce taxes on middle-income Americans immediately," former Massachusetts Gov. Mitt Romney said in a debate in the run-up to presidential primaries in Michigan and South Carolina, two states where unemployment exceeds the national average.
"The first thing is not to raise taxes," said former Arkansas Gov. Mike Huckabee. "Cut the marginal tax rate, if anything, and eventually go to a fair tax," he added, referring to his plan for a national sales tax to replace the income tax.
Arizona Sen. John McCain stressed spending cuts to get the budget deficit under control, although he also said it was important not to let Bush administration-era tax cuts expire. He pledged to "wield the veto pen" and block all pork barrel spending bills that Congress sends him.
While the debate was held in South Carolina, the Michigan primary is next on the campaign calendar, a contest in which Romney, Huckabee and McCain are the principal antagonists. It's unlikely all of them can survive a defeat there, particularly a third-place finish.
Read more:
http://news.yahoo.com/s/ap/20080111/ap_po/republicans_debate;_ylt=AliZFJehE1GN4G30aj5tbrSs0NUE