Thursday, March 13, 2008

'Obama Criticizes McCain on Taxes' (UPDATED)

Earlier today Barack spoke to reporters about the importance of ending the Bush tax policies, and he criticized Senator John McCain for reversing his position on tax cuts for the wealthiest Americans:

excerpt from Time article-

"(CHICAGO) — Democratic Sen. Barack Obama said Thursday that Sen. John McCain reversed his position on President Bush's deep tax cuts in order to win the Republican presidential nomination, one of his sharpest criticisms yet of the Arizona senator he hopes to face this fall.

Criticizing GOP efforts to extend major tax cuts from Bush's first term and to eliminate the estate tax, Obama said: "These are all steps that John McCain rightly said were irresponsible when they first came up."

"He made a decision to reverse himself on that," Obama told reporters as he flew from Chicago to Washington for a series of Senate votes on budget issues.

"That was how, I guess, you got your ticket punched to be the Republican nominee," he said of McCain. "But he was right then, and he's wrong now."

… Obama has proposed an array of subsidies for higher education, health care and other costs hitting middle-class families. He said he believes he can pay for such plans by closing tax loopholes, placing a new tax on carbon emissions, phasing out the Iraq war and ending the Bush tax cuts for the nation's highest earners.

"We have identified the cuts that we think are available, or the changes in our tax code that are available to pay for our middle-class tax cut as well as our proposals to fund higher education and so on," the Illinois senator said."

click here to read the Time magazine article

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