McCain Says Obama's Tax Plans "Not Plausible"

By: John Bentley
Topics: John McCain

(CBS)

From CBS News' John Bentley:

(GOFFSTOWN, N.H.) – Unleashing a new barrage of criticism against Barack Obama's tax plan today, John McCain hoped to give his campaign a boost here in the state that saved him in the primaries.

"So let's try to get all this straight. My opponent says he's going to cut income taxes for 95 percent of Americans – including that miraculous reduction for those who aren't paying any right now. Then he commits to more than a trillion dollars in new federal spending. And even after voting for the 750 billion dollar rescue package earlier this month, he won't even specify a single cut in spending that he would consider," McCain said. "That leaves us with almost two trillion dollars in new spending to which Barack Obama stands committed, and no explanation at all of how he is going to pay for it. Does anyone seriously believe that these trillions of dollars are going to come from only the very highest income earners?"

McCain even used a newspaper his campaign manager called "an organ of the Democratic National Committee" to bolster his argument.

"An influential newspaper called his claims 'neither politically nor economically plausible,'" McCain said. "That critique came from the editorial board of The New York Times, and when Barack Obama loses them, you know he's gone too far."

The Obama campaign says that they can pay for their spending increases, and that McCain's tax plans would hurt average Americans while giving a break to corporations.

"John McCain is so out of touch that he thinks Sen. Obama's plan to provide tax relief for hardworking middle class Americans who pay payroll taxes on every dime they earn is 'welfare,' but his plan to give billions in new tax breaks to the largest corporations is fairness," said Obama spokesman Hari Sevugan. "And while Barack Obama has accounted for his proposals, John McCain wants another $300 billion bailout that gives taxpayers a raw deal to pay for a sweetheart deal for the same lenders that got us into this mess to begin with."

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by mavsreader October 22, 2008 6:42 PM EDT: More big business first, from the GOP.; Reply to this comment


by PacificGatePost October 22, 2008 6:26 PM EDT: IS AMERICAN CAPITALISM IS ABOUT TO CHANGE?

Don''t let politicians, particularly the next President, or Congress, implement legislation that will deconstruct the system at the core of American society.

http://pacificgatepost.blogspot.com/2008/10/capitalism-political-punching-bag.html; Reply to this comment


by mrtutto October 22, 2008 4:50 PM EDT: Joe the Plumber would have to work 3 years in order to pay for what Sarah Palin spent in 2 months on her wardrobe. What the PUCK!
Hockey MOM ?; Reply to this comment


by tangouniforn October 22, 2008 4:39 PM EDT: McCain wants to give money to the wealthy "because thay will use it to create new jobs". Exactly how will that create new jobs? Are they going to create jobs when there are no new buyers for their product? The record is that they cut jobs when their product is not selling. If one wants to create new jobs one should put money in the hands of those that will spend it. Businesses would then hire workers to meet the increased demand.; Reply to this comment


by obbcbs October 22, 2008 4:09 PM EDT: McCain was born in Colon, Panama which was outside the Canal Zone. He is also refusing to release his original birth certficate, ..; Reply to this comment


by obbcbs October 22, 2008 4:08 PM EDT: I have seen reports that McCain''s birth certificate says he was born in COLON Panama.
If so, he was not born on a US base and John Mc is not eligible to be President.; Reply to this comment


by obbcbs October 22, 2008 4:07 PM EDT: Why does the headline of this story favor McCain''s point of view? Half the allegations are nonsense. Write the headline from the Obama point of view: McCain plans new $300 billion giveaway to bankers with no intention to repay the US treasury.; Reply to this comment


by john43218 October 22, 2008 4:06 PM EDT: If the media was fair and balanced, you would hear about:

- Obama''s actual connection to Ayers and his 3 different stories on that connection
- Obama''s connection to Tony Rezco
- Obama''s connection and relationship with Father Phleager and Rev Wrigtht (Black Liberation Theology)
- Obama''s early involvement with the New Party
- The fact that there are at least two lawsuits against Obama to provide his actual birth certificate (I personally
think he probably is natural born, but the news media has not reported the fact that there are lawsuits-not
even Fox...If there was a lawsuit filed against McCain for whatever cause it would be all over the media)
- His corrupt association and funding of ACORN
- Obama has benifitted by the meltdown of the financial networks--if the media would report the rout cause of
this which Obama and his party have their fingerprints all over this--then Obama should have slid in the polls
- His utter lack of any notable accomplishment as a state and US Senator
- His lying on his record of abortion and his many, many policy reversals from the primary to the general
election

I cannot believe that America is about to elect this person. I believe with every ounce of my being that if even half of the dirt on Obama were to be reported this would be a landslide!!!; Reply to this comment


by obbcbs October 22, 2008 4:03 PM EDT: I like the word plausible. Gov Pawlenty says, Bachman''s plan to attack Congress and find the UN-AMERICAN congressmen, was a ''gaffe''.

No Governor, it was just out of date. A gaffe is a slip of the tongue. An out and out attack on Congress after attacking the Presidential candidate saying MAYBE he''s not one of us, is not a gaffe, its TYPICAL right wing lies.

Now, instead of copping to it, the Gov is trying to make it disappear. Bachman is trying to say, if she had only known what the TV show was like she would have been more prepared. Really? She sounded QUITE prepared. She spewed a big list of negatives, all in the ''HE"S A MYSTERY, WE NEED TO KNOW MORE" line of attack. She knew what she wanted to do.
She thought she could be the combo of Joe McCarthy and VP SPIRO T AGNEW.
We have heard it before Pawlenty, and you can defend it by lies and denials, but you are just joining her in the losing cause. Welcome to defeat Tom Pawlenty. We will find your quotes on the internet and beat you TOO when YOU run. BACHMAN MEANT EVERY WORD and she didnt ''mis-speak''. It was all too real.
Ask Palin. She started it. Un-American voters in Northern Virginia, not really REAL Americans.
WE know thats what Bachman is up to.
STOP THE DENIAL AND APOLOGIZE.; Reply to this comment


by jefflz-2009 October 22, 2008 4:00 PM EDT: McCain will tax the middle class more compared to the wealthy. Nothing trickles down. Bush''s dad called it VooDoo economics.
McCain will give $4 Billion in tax cuts to Big Oil
McCain voted to deregulate Wall St leading to the Crash
McCains managers were on the Fannie Mae payroll
McCain wants to reward lenders by paying full price for bad mortgages
McCain will cut Medicare forcing Seniors to pay for his health plan that rewards the insurance companies.
McCain has chosen a lightweight who doesn''t know what the Vice President does as his running mate
McCain has run the dirtiest hate-filled campaign on record.
McCain invented Joe Plumber who is a fake
McCain is Bush warmed over - the nightmare continues
McCain has run a lousy campaign and can''t run the country

Heckuva of a good choice if you have no common sense.; Reply to this comment