PHOENIX – Senator John McCain is pledging once again to balance the budget by the end of his first term in 2013, his advisers said Monday, reverting to an earlier pledge he had abandoned in April when he proposed a series of costly tax cuts for corporations and high earners and said it might take two terms to balance the budget.
Mr. McCain plans to talk about the economy – which has eclipsed Iraq and terrorism in polls of voter concerns – all week.
In February, Mr. McCain had proposed balancing the budget by the end of his first term as president. But when he announced a series of tax cuts in April, he said that he would balance the budget within eight years. He said then that “economic conditions are reversed,” making it difficult to balance the budget earlier.
Source: thecaucus.blogs.nytimes.com
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