300 Economists Support McCain's Economic Plan

The McCain campaign announced today that over 300 economists support his economic plan, including his tax plan:

His plan would keep taxes from rising, because higher tax rates are exactly the wrong policy to restore economic growth, especially at this time.

His plan would reduce tax rates by cutting the tax that corporations pay to 25 percent in line with other countries, by completely phasing out the alternative minimum tax, by increasing the exemption for dependents, by permitting the first-year expensing of new equipment and technology, and by making permanent a reformed tax credit for R&D.

His plan would also create a new and much simpler tax system and give Americans a free choice of whether to pay taxes under that simple system or the current complex and burdensome income tax.

The letter does not mention McCain's proposed gas tax holiday.  Signatories include such luminaries as Wayne Angell (Former Fed Governor), Gary Becker (University of Chicago), Michael Boskin (Stanford University), John Cogan (Hoover Institution), Martin Feldstein (Harvard University), Glenn Hubbard (Columbia University), Michael C. Jensen (Harvard Business School), and Geoffrey P. Miller (New York University Law School).