From The Road
June 12, 2008 3:54 PM

Obama Jabs at McCain Tax Cuts

(CBS)

From CBS News' Maria Gavrilovic:

(KAUKAUNA, Wisc.) Barack Obama told a crowd of predominately white, middle class voters today that his tax plan will provide three times more relief than John McCain’s proposed cuts. He charged McCain with only helping the wealthiest families, saying that his tax cuts will only go to households earning more than $2.8 million a year.

“Now, I don’t want to embarrass anybody but how many people here make more than $2.8 million a year,” Obama asked the audience here, “If you’re there, I wanna know you because we’re still fundraising!”

Obama described McCain’s plan as neither conservative nor “fiscally prudent,” calling it a “regressive plan” plan that is twice as expensive as George Bush’s original policies. “I often say that John McCain is running to serve out George Bush’s third term, but that’s not being fair to George Bush,” Obama said to laughter and applause from the crowd.

He denied claims that he is a “tax and spend liberal,” saying that he will not raise taxes on households making under $250,000 per year. However, Obama added, “What is true is I’m gonna ask wealthy Americans to pay a little bit more because they have benefited more from the growth of this economy over the last decade. Of all the economic growth that’s taken place – about three-fourths of it have gone to the wealthiest Americans. It hasn’t gone to workers, it hasn’t gone to you and I don’t think that’s the way to build a strong economy. "

On Tuesday, McCain accused Obama of proposing the biggest tax increase since World War II. “Under Senator Obama's tax plan, Americans of every background would see their taxes rise - seniors, parents, small business owners, and just about everyone who has even a modest investment in the market,” McCain said at National Small Business Summit in Washington, D.C.

The Obama campaign sent an e-mail today, refuting McCain's comment. "Obama's proposal does not constitute a tax increase in the traditional sense, since taxes would be lower under his plan than they would under current law," the e-mail statement read, "We find McCain's statement to be false."

McCain spokesman Tucker Bounds replied to Obama’s claims today in a statement to CBS News: “Barack Obama needs to learn the facts. The very same report that Barack Obama cited to make that claim actually demonstrated that John McCain’s tax plan included relief for taxpayers across the board. John McCain has proposed expanding the child tax credit for families, keeping taxes low for the smallest investors and providing a gas tax holiday to every American – all those clearly include Americans from across the income spectrum.”
Tags:
Obama ,
McCain ,
Taxes
Topics:
Barack Obama
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by noloyalisti June 13, 2008 8:05 PM EDT
We don''t need to pay for this illegal occupation. We don''t need to pay for bridges and streets and our kids education. We don''t need any money for the commons. What a waste of money, firefighters, police and emergency responders. Vote for the same, vote McSame. Four more wars! More money for Exxon. More troops for Chevron! Yeah!!!!!
Reply to this comment
by nkgilb June 13, 2008 5:19 PM EDT
John McCain left his first wife because she got fat and got crippled in an accident. He was fooling aroung with lots of women, then he decided to settle for trophy Cindy with her rich father who could help him politically. Even his first wife said that '' McCain did not want to be 40, he wanted to be 25! and that is why he left me because l was too old for him!! senator McCain''s moral principles are wrong for women!

Senator McCain does not understand family values! Senator McCain is WRONG for America at this crucial moment in American.

Senator McCain understand nothing but war, he thinks it is romantic and build character. If you vote for McCain its the end of ROE, 100 years in Iraq and war with Iraq. His war experience made his career, he thinks sending your kids to torture camps will make them better people.

Vote for the right kind of change, vote for a person with good vision, character, good judgement, vote for a strong leader, Vote Barack Obama for president!!!

Obama understand our America values.
obama understands what women are facing (sexism).
obama understand the sufferings and struggles of the middle class.
Obama for a good and strong America!!!

Say NO to Bush McClone, no more third term for Bush! McCain is a Bush camouflag!
Reply to this comment
by nkgilb June 13, 2008 5:18 PM EDT
John McCain left his first wife because she got fat and got crippled in an accident. He was fooling aroung with lots of women, then he decided to settle for trophy Cindy with her rich father who could help him politically. Even his first wife said that '' McCain did not want to be 40, he wanted to be 25! and that is why he left me because l was too old for him!! senator McCain''s moral principles are wrong for women!

Senator McCain does not understand family values! Senator McCain is WRONG for America at this crucial moment in American.

Senator McCain understand nothing but war, he thinks it is romantic and build character. If you vote for McCain its the end of ROE, 100 years in Iraq and war with Iraq. His war experience made his career, he thinks sending your kids to torture camps will make them better people.

Vote for the right kind of change, vote for a person with good vision, character, good judgement, vote for a strong leader, Vote Barack Obama for president!!!

Obama understand our America values.
obama understands what women are facing (sexism).
obama understand the sufferings and struggles of the middle class.
Obama for a good and strong America!!!

Say NO to Bush McClone, no more third term for Bush! McCain is a Bush camouflag!
Reply to this comment
by taddles3 June 13, 2008 2:42 PM EDT
"McCain would cut taxes by $628 billion over the next 10 years and that Obama would raise them by $734 billion over the same period...
YOU decide.

Posted by jack3213 at 09:12 AM : Jun 13, 2008"


Wow, what an incredible distortion. Obama''s plan is to increase capital gains taxes on those making over $250K/year and to close corporate loop holes resulting in an estimated $734 billion revenue raised over 10 years. Those making less than $250K/year will see not increase in taxes.

Your distortion is rather lame, can''t make an argument on facts so you have spin some numbers...sad, that''s why you are going to lose in November, because you have no plan and no argument that isn''t based on falsehoods.
Reply to this comment
by taddles3 June 13, 2008 2:37 PM EDT
"The Democrat will raise your taxes, has not been to Iraq, and has never talked to Petraeous. The USA needs a leader, not a boy who wants to learn on the job.

Posted by jack3213 at 07:17 AM : Jun 13, 2008"


All three of your claims are false.
Reply to this comment
by taddles3 June 13, 2008 2:33 PM EDT
"Especially about a buy that has flat out bald faced LIED about everything, including his damned ancestors!

Posted by RowdyWicca at 09:09 AM : Jun 13, 2008"


Again with the false claims. Can you post a link to anything that backs up your claim that Obama has lied about "everything including his ancestors"? No?, I didn''t think you could, you never can.
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by nanc12 June 13, 2008 1:32 PM EDT
%u201CMcCain is picking the areas where rates go up and ignoring the areas where Obama is trying to rebalance the tax code so that taxpayers would save,%u201D said John Irons, research and policy director at the Economic Policy Institute, which is generally viewed as sympathetic to working families. Mr. Irons said that %u201Cthe important thing is to look at overall impact on people%u201D and that on this score, %u201Cthe vast majority of the population, almost the entirety of the middle class, would see more from Obama than McCain.%u201D
Economists have also criticized the methodology behind Mr. McCain%u2019s assertion that Americans from all kinds of backgrounds could end up paying thousands of dollars more in taxes if Mr. Obama got his way. Several criticized him as apparently basing his claim on an average figure in which, as Mr. Irons said, %u201CBill Gates is mixed with you and me, and everything gets skewed.%u201D
Reply to this comment
by nanc12 June 13, 2008 1:32 PM EDT
McCain would cut taxes by $628 billion over the next 10 years and that Obama would raise them by $734 billion over the same period...
YOU decide. Posted by jack3213

In a study of the candidates%u2019 plans made public Wednesday, the nonpartisan Tax Policy Center concluded that in contrast to Mr. McCain, %u201CSenator Obama offers much larger tax breaks to low- and middle-income taxpayers and would increase taxes on high-income taxpayers.%u201D
The study said, %u201CThe largest tax cuts, as a share of income, would go to those at the bottom of the income distribution,%u201D whereas %u201CSenator McCain%u2019s tax cuts would primarily benefit those with very high incomes.%u201D
Mr. McCain is correct when he says that Mr. Obama intends to increase the maximum tax rate on capital gains, the bulk of which fall on the wealthiest segment of the population, and that he would be less generous in offering breaks on the estate tax. But he tends to play down or ignore Mr. Obama%u2019s proposals to eliminate taxes for retirees earning less than $50,000 a year and to give tax breaks to workers earning less than $75,000 annually.
Reply to this comment
by parrot123-2009 June 13, 2008 1:12 PM EDT
Obama%u2019s judgment over the years has shown his selection of friends, mentors and church, close advisers, and now his choice of consultants places a dark cloud over his ability to select a Cabinet. Sometimes all you have to evaluate a person is by their actions, manners, conduct, their associates and activities and in these realms Obama gets a 0.
Posted by max0010 at 09:00 AM : Jun 13, 2008

Do you know who ''Charles R Black'' is ??? Obviously not - Cheers!
Reply to this comment
by parrot123-2009 June 13, 2008 1:11 PM EDT
The Democrat will raise your taxes, has not been to Iraq, and has never talked to Petraeous. The USA needs a leader, not a boy who wants to learn on the job.
Posted by jack3213 at 07:17 AM : Jun 13, 2008

What is he talking to Betrayus about ? Or better yet, what did McCain tell Betrayus ?? What use is it, if he only answers to the POTUS unless you want him already acting as POTUS. Your argument, based on facts and not sentiment, makes no Sense. Cheers!
Reply to this comment
by parrot123-2009 June 13, 2008 1:08 PM EDT
McCain would cut taxes by $628 billion over the next 10 years and that Obama would raise them by $734 billion over the same period...
YOU decide.
Posted by jack3213 at 09:12 AM : Jun 13, 2008

When McCain does his cuts, how would we be able to do anything else in this country ? Where does he plan for the money to come from ?? - While Obama claims to only increase taxes for those earning over $250,000 - sooooo, what''s an additional $200 going to do to the pocket book of the over $250k club .... when you''re truthful with yourself, your answers become very clear as to why McCain sounds to most as being very Senile. Cheers!
Reply to this comment
by rowdywicca June 13, 2008 12:28 PM EDT
Barack Obama%u2019s assertion that the only problem with higher gas prices is that they%u2019ve gone up too fast %u2014 saying he%u2019d prefer a %u2018gradual%u2019 increase instead %u2014 shows how clearly out of touch he is with Americans struggling with record gas prices. At a time when Americans need relief at the pump, Barack Obama%u2019s support for higher gas prices and higher energy taxes is just another example of his weak economic judgment,%u201D said McCain spokesman Tucker Bounds.

We%u2019ve also seen widespread reports of local law enforcement and police departments having to reassess how they are going to use their vehicles and their fleet, because of the strain that the high cost of gas is placing on their departments. So clearly it%u2019s not just working families. It%u2019s communities across the country who are struggling up under these high costs, high prices and for Senator Obama to indicate that we%u2019ll just have to get used to them is clearly an indication that he is out of touch,%u201D added Obama surrogate Rep. Eric Cantor, R-Va.

Reply to this comment
by jack3213 June 13, 2008 12:12 PM EDT
McCain would cut taxes by $628 billion over the next 10 years and that Obama would raise them by $734 billion over the same period...
YOU decide.
Reply to this comment
by rowdywicca June 13, 2008 12:09 PM EDT
Anybody else not clear what the big picture is for the two candidates? Like McCain seems to be lying and overpromising the moon and the stars - he''''s for cutting taxes! he''''s for ''''winning'''' the war! AND getting rid of the deficit! AND we''''re all going to have healthcare! It doesn''''t add up.

And with Barack, I''''ve read that the estimates for the programs he''''s proposed also go into the red, but not as much as McCains''''...is that true?

Maybe all that stuff''''ll all get refined as we go along (?)



--------------------------------------------------------------------------------

Posted by SamTheTVCat at 02:35 AM : Jun 13, 2008

Isn''t it strange, Obama has made the same promises and YOU believe him! When he has no leadership record at all of having done ONE thing!

Really strange how that works, isn''t it. Especially about a buy that has flat out bald faced LIED about everything, including his damned ancestors!
Reply to this comment
by max0010 June 13, 2008 12:00 PM EDT
Obama%u2019s judgment over the years has shown his selection of friends, mentors and church, close advisers, and now his choice of consultants places a dark cloud over his ability to select a Cabinet. Sometimes all you have to evaluate a person is by their actions, manners, conduct, their associates and activities and in these realms Obama gets a 0.
Reply to this comment
by johnny343sc June 13, 2008 11:26 AM EDT
Barack Obama will be the focal point of this election. If Americans find him to be an acceptable choice for president, he will probably win, given all the factors that are working in his favor. But if the doubts that have persisted about him begin to grow and metastasize %u2013 if large numbers of Americans come to believe that the Obama appeal is, at its core, a mirage %u2013 then McCain has a real chance to prevail. And if he does, the Democratic party and liberalism will have a nervous breakdown unlike any we have seen.

Democrats remain hopeful, but they are also beginning to harbor some doubts and even fears. This may not be as easy as they thought.

Stay tuned.

%u2014 Peter Wehner
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by terrorislami June 13, 2008 10:55 AM EDT
THE NATION WILL LIVE TO REGRET WHAT THE COURT HAS DONE TODAY,,,

VOTE DEMONIC-RAT AT YOUR PERIL,,,

DEMONIC-RAT UN-SUPREME COURT JUDGES TRASH THE CONSTITUTION,,,

Scalia asserted that the decision will have dire consequences. He warned that some detainees will be freed and return to war against America: "The nation will live to regret what the court has done today."

Supreme Court maintains post-9/11 course on Gitmo
The Supreme Court''s 5-4 decision Thursday declaring for the first time that Guantanamo detainees have a constitutional right to a hearing in U.S. courts is a milestone. It also reinforces a familiar court pattern in the post-9/11 world of insisting on judicial review of detainee cases.
http://www.usatoday.com/news/washington/judicial/2008-06-12-court-pattern_N.htm
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by jack3213 June 13, 2008 10:17 AM EDT
People ought to either wake up from their fog, start reading non biased news, or open your eyes to the truth because McCain is not Bush- and Obama is not experianced. The Democrat will raise your taxes, has not been to Iraq, and has never talked to Petraeous. The USA needs a leader, not a boy who wants to learn on the job.
Reply to this comment
by watcher269-2009 June 13, 2008 7:35 AM EDT
John McBush - His own words 3 years ago on meet the press

RUSSERT: The fact is you are different than George Bush.

SEN. McCAIN: No. No. I-the fact is that I''m different but the fact is that I have agreed with President Bush far more than I have disagreed. And on the transcendent issues, the most important issues of our day, I''ve been totally in agreement and support of President Bush.

McCain went on to insist that, on domestic policies, he and the president had butted heads - which is true on issues like combating climate change and campaign finance.

"But," he quickly added, "I will argue my conservative record voting with anyone''s, and I will also submit that my support for President Bush has been active and very impassioned on issues that are important to the American people. And I''m particularly talking about the war on terror, the war in Iraq, national security, national defense, support of men and women in the military, fiscal discipline, a number of other issues. So I strongly disagree with any assertion that I''ve been more at odds with the president of the United States than I have been in agreement with him."
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by samthetvcat June 13, 2008 5:37 AM EDT
PS And by cut spending, don''t we all want to know what specifically each of the candidates think can be cut from spending? Especially McLame? All he''s mentioned is that bear study in Oregon or whatever . . .
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