McCain and Obama on opposite sides of tax fence

Senator John McCain’s presidential campaign held a press conference call with economic policy adviser Steve Forbes and senior policy adviser Doug Holtz-Eakin to discuss Senator Obama’s economic plan. Both advisers said that McCain’s economic proposals are opposite that of Obama’s proposals.

Forbes said that Obama has a series of tax proposals that would devastate the U.S. economy. When looking at his voting actions, Obama has been a ‘massive tax increaser.’ Forbes noted that McCain, on the other hand, had tax cut proposals for middle-class Americans and small businesses which is a pro-growth and job creating plan. According to Forbes, small businesses have created around 200,000 jobs and they would be adversely affected by Obama’s economic plan.

When questioned by a caller as to how McCain intends to balance the budget by the end of his first term, the advisers said that McCain will talk about a broad based future in terms of making cheaper energy available to families, helping with international competitiveness and reducing tax burdens on entrepreneurs. The advisers emphasized McCain has ‘learnt lessons of history’ and will not raise taxes when the economy is in trouble. (9:36)

 

 Standard Podcast [9:36m]: Play Now | Play in Popup | Download