McCain refuses to consider taxes to reduce deficit

WASHINGTON — Sen. John McCain is refusing to consider raising taxes to reduce the ballooning deficit.

McCain was asked on ABC’s “This Week” whether he would make a similar pledge as Treasury Secretary Timothy Geithner to do whatever it takes to bring down the deficit over the long run, such as raising taxes.

The Arizona Republican said “no.” He says the government should be able to reduce the deficit without new taxes by reducing the costs of Medicare and Social Security, which make up significant portions of the federal budget.

McCain also says the government should eliminate earmark and pork-barrel spending to send a message to Americans that it is serious about eliminating waste and corruption in federal spending.