John McCain appears to be wavering on his no tax pledge. This past weekend he admitted that â€œnothing is off the tableâ€ in terms of fixing Social Security, and that includes raising the payroll tax.
McCain said he would obviously prefer not to raise taxes but â€¦
While I tend to think taking tax increases off the table is politically foolish for any politician, McCain needs to be careful here. One of his advantages over Barack Obama is that voters know McCain a lot better and can be more confident about where he stands on major issues. To waver on such a fundamental issue as Social Security payroll taxes really makes me question where his head is at. He already has trouble explaining why he voted against George Bushâ€™s tax relief â€“ now heâ€™ll have to explain this too.