Tuesday, October 28, 2008

Obama vs. McCain on Tax Cuts


Barack Obama hits back, HARD, on Taxes in front of OVER 100,000 People in St. Louis--
by Muzikal203
Sat Oct 18, 2008

Some excerpts have been released of the speech Senator Obama will give today in Missouri in which he hits back at McCain's latest charge that Obama's tax cuts for the middle class amount to "welfare."

My opponent's been talking a lot about taxes in his campaign. But here's the truth Missouri – we are both offering tax cuts. The difference is who we're cutting taxes for.

It comes down to values – in America, do we simply value wealth, or do we value the work that creates it? For eight years, we've seen what happens when we put the extremely wealthy and well-connected ahead of working people. Now, John McCain thinks that the way to rebuild this economy is to double down on George Bush's policy of giving more and more tax breaks to those at the very top in the false hope that it will all trickle down. I think it's time to rebuild the middle class in this country, and that is the choice in this election.

Senator McCain wants to give the average Fortune 500 CEO a $700,000 tax cut but absolutely nothing at all to over 100 million Americans. I want to cut taxes – cut taxes – for 95 percent of all workers. And under my plan, if you make less than $250,000 a year – which includes 98 percent of small business owners – you won't see your taxes increase one single dime. Not your payroll taxes, not your income taxes, not your capital gains taxes – nothing. It' time to give the middle class a break, and that's what I'll do as President of the United States.

Lately, Senator McCain has been attacking my middle class tax cut. He actually said it goes to, "those who don't pay taxes," even though it only goes to working people who are already getting taxed on their paycheck. That's right, Missouri – John McCain is so out of touch with the struggles you are facing that he must be the first politician in history to call a tax cut for working people "welfare."

The only "welfare" in this campaign is John McCain's plan to give another $200 billion in tax cuts to the wealthiest corporations in America – including $4 billion in tax breaks to big oil companies that ran up record profits under George Bush. That's who John McCain is fighting for. But we can't afford four more years like the last eight. George Bush and John McCain are out of ideas, they are out of touch, and if you stand with me in 17 days they will be out of time.

We need new priorities in Washington. I think it's time to give a tax cut to the teachers and janitors who work in our schools; to the cops and firefighters who keep us safe; to the waitresses working double shifts, the nurses in the ER, and the plumbers fighting for their American Dream. These workers are the backbone of our country. They are the ones that Washington has forgotten. They're the ones I'll fight for. And while Senator McCain ignores the payroll taxes you pay to score a few political points, I'll put a tax cut into the pockets of working people so you can pay the bills, put away some savings, and pass on a brighter future to your children.

Exactly, John McCain isn't fighting for US, he's fighting for his friends on K-Street. If Joe the Plumber was an Obama supporter, McCain wouldn't be able to care less about him or his "struggles." I think a lot of people have been surprised by the strength of Senator Obama, and it's good to catch people off guard when the surprise is good.

While we wait for the rally to start, I think you all should check out this Frontline special on the election. I skipped the McCain parts, but I actually ended up learning a lot more about Obama through watching it (and I thought I knew everything), they even have some video of the rallies he held while he was running for State office and while he was on Harvard's campus. It's really a great piece. While I was watching I just kept thinking "wow, he has not changed AT ALL." His message, delivery, mannerisms, all of it has stayed pretty constant. McCain can't even stay constant for one day.