Tuesday, June 10, 2008

John McCain and Barack Obama On Their Economic Differences

FROM CNN.COM
Speaking at the National Small Business Summit in Washington, McCain laid out the differences between his economic proposals and Obama's plan. "On tax policy, health-care reform, trade, government spending and a long list of other issues, we offer very different choices to the American people," he said. "No matter which of us wins in November, there will be change in Washington. The question is, what kind of change? ... Will we enact the largest single tax increase since the Second World War, as my opponent proposes, or will we keep taxes low for families and employers? ... This election offers Americans a very distinct choice about what kind of change we will have."
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"Let me be clear. My tax reform plan would cut taxes for 95 percent of workers. ... I've said that John McCain is running to serve out a third Bush term. But the truth is, when it comes to taxes, that's not being fair to George Bush," Obama said.
Obama said Monday that lawmakers should inject an additional $50 billion into the economy.
"Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn," Obama told a crowd in Raleigh, North Carolina. He said he supports the expansion and extension of unemployment benefits, as well as a second round of tax rebate checks.

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