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Tuesday, June 10, 2008

Video: Tax Debate: Obama vs. McCain

UPDATE 9/29/08: Video of First Presidential Debate is HERE.

Video of Second Presidential Debate is HERE.

From CNN:

McCain told a group of small-business owners Tuesday that his goal as president will be "to get our economy running at full strength again."

The senator from Arizona is attempting to paint Obama as a typical Democrat who wants to raise taxes and regulate government, charging that Obama would institute the largest tax increase in more than 60 years.

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."

Obama's Response:

More from CNN:

Obama blasted McCain's economic plan as a "continuation of Bush economic policies: more tax cuts to the wealthy, more corporate tax breaks, more mountains of debt and little to no relief for families struggling with the rising costs of everything from health care to gas prices to a college education."

McCain said Tuesday that "under Sen. Obama's tax plan, Americans of every background would see their taxes rise: seniors, parents, small-business owners." How is the economy treating you?

In response to McCain's speech, Obama said McCain's prescription for the economy is "wrong for the country" and McCain's characterization of his plan is "just wrong."

"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.

Update: Olbermann's take on the debate.

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