Simple Q about Taxes.

Simple Q

I just got thinking...

McCain is for reducing corporate taxes - correct? He is going to reduce taxes of the corporations in America.

Now one of his main argument was that corporations taxes are often paid by not the corporations but the purchaser of the final goods, investors and owners.
Hence, if you decrease the taxes, what will happen is that the people will end up benefiting.

Now, add this onto the fact that there is higher GDP growth during low tax rate seasons, what we have here is the fact that people spend a lot when taxes are low, creating higher GDP.

Now the crucial question. Aren't Americans already in a foot-stuck-up-my-ass situation because of overspending? American growth has come from one source - leverage. And while leverage is a friend when used right, like most things, Americans have loaded them up like a feast plate at Memphis Blue.

So what does it imply that when 1) Feds have cut rates aggressively 2) Feds have accepting credit worse than 3 year olds promise 3) If (and a big if) McCain wins, we will have cut in taxes, which will provide incentive for people to spend more? Are we going to have a bigger and meaner debt monster? Instead of excising the cancer out, are they just trying chemo?