John McCain released a statement today that shows the support that his economic plan has. Over 300 professional economists signed a statement that lauded his plan, including private and public sector economists, and Nobel Prize winners.

 McCain's plan:

• Veto every bill with earmarks
• Keep taxes low
• Phase out the alternative minimum tax
• Permit first year expensing of new equiptment and technology

This plan focuses on doing the smart thing when it comes to business. The easy thing to do when times get hard with the budget is to raise taxes. The problem is the unintended consequences that follow. We can raise taxes to pay for things, in an effort to gain more revenue for the state, but when people stop spending as much money, then the revenue goes down. Sometimes when taxes are raised, people don't consume as much, and then the amount of money that actually comes in is LOWER than it was before the tax increase, compounding the problem.

John McCain understands this, and that's why we need for him to get elected. Barack Obama said that he wants taxes to be "fair" so that people are taxed at the same rate, but the problem is that if rates are adjusted without understanding the unintended consequences, then we will get less tax revenue and be worse off.

Let's use some common sense here, and make good decisions based on solid information when it comes to the budget, our economy, and our future.