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Views: 4777
"This weekend," Sen. John McCain, R-Ariz., said today, "a plumber concerned that Senator Obama was going to raise his taxes asked him directly about his plan. The response was telling. Senator Obama explained to him that he was going to raise his taxes to quote 'spread the wealth around.'" Is that what happened? Judge for yourself -- here's the exchange.(Watch the video)Outside Toledo, Ohio, on Sunday, Sen. Barack Obama, D-Ill., was approached by plumber Joe Wurzelbacher, a big, bald man with a goatee who asked Obama if he believes in the American dream. "I'm getting ready to buy a company that makes 250 to 280 thousand dollars a year," Wurzelbacher said. "Your new tax plan is going to tax me more, isn't it?" Obama said, "First off, you would get a 50% tax credit so you'd get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.†Responded Wurzelbacher, "the reason I ask you about the American dream, I mean I've worked hard. I'm a plumber. I work 10-12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American dream." "Well," said Obama, "here's a way of thinking about it. How long have been a plumber?" Wurzelbacher said 15 years. Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.†“Exactly," Wurzelbacher said. Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes." "No," said Wurzelbacher. "Of course not," said Obama. "But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well - even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.†Wurzelbacher said it seemed as though Obama might support a flat tax. Obama says, “you know, I would be open to it except here’s the problem with a flat tax is that if you actually put a flat tax together, in order for it to work and replace all the revenue that we’ve got, you’d probably end up having to make it like about a 40% sales tax. I mean that’s the value added, making it up. Now some people say 23 or 25, but in truth when you add up all the revenue that would need to be raised, you’d have to slap on a whole bunch of sales taxes on. And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent." Obama said, "My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody." That's the key moment McCain is jumping out…"when you spread the wealth around it's good for everybody." "But listen," Obama said, shaking Wurzelbacher's hand, "I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf, because small businesses are what creates jobs in this country and I want to encourage it.†"Guys I gotta get out of here and go prepare for the debate," Obama said, "but that was pretty good practice right there."From ABC NEWS:By:Jake Tapper - He is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories.
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 8813
(CNN) -- Barack Obama told supporters that "change has come to America" as he claimed victory in a historic presidential election. "The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America -- I have never been more hopeful than I am tonight that we will get there. I promise you -- we as a people will get there," Obama said in Chicago, Illinois, before an estimated crowd of up to 240,000 people. With Obama's projected win, he will become the first African-American to win the White House. Obama had an overwhelming victory over Sen. John McCain, who pledged Tuesday night to help Obama lead. Video Watch Obama pay tribute to McCain » "Today, I was a candidate for the highest office in the country I love so much, and tonight, I remain her servant," McCain said. McCain called Obama to congratulate him, and Obama told the Arizona senator he was eager to sit down and talk about how the two of them can work together. President Bush also called Obama to offer his congratulations. Bush told Obama he was about to begin one of the great journeys of his life, and invited him to visit the White House as soon as it could be arranged, according to White House spokeswoman Dana Perino. Obama will be working with a heavily Democratic Congress. Democrats picked up Senate seats in New Hampshire, New Jersey, North Carolina and Virginia, among others. Read about the Senate races Don't Miss * Read Obama's victory speech * Read McCain's speech * Democrats pick up Senate seats * House Republicans lose seats * Complete video coverage "While the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress," Obama said. Video Watch more on the balance of power » Flanked by American flags, Obama told the roaring crowd, "This is your victory." "To those Americans whose support I have yet to earn -- I may not have won your vote, but I hear your voices, I need your help, and I will be your president too," he said. Video Watch Obama tell voters 'all things are possible' » Supporters in Chicago cheering, "Yes, we can" were met with cries of "Yes, we did." More than 1,000 people gathered outside of the White House, chanting "Obama, Obama!" Sen. Hillary Clinton, Obama's former rival for the Democratic nomination, said in a statement that "we are celebrating an historic victory for the American people." iReport.com: Share your Election Day reaction with CNN "This was a long and hard fought campaign but the result was well worth the wait. Together, under the leadership of President Barack Obama, Vice President Joe Biden and a Democratic Congress, we will chart a better course to build a new economy and rebuild our leadership in the world." Sen. Ted Kennedy said Americans "spoke loud and clear" in electing Obama. "They understood his vision of a fairer and more just America and embraced it. They heard his call for a new generation of Americans to participate in government and were inspired. They believed that change is possible and voted to be part of America's future," the Massachusetts senator said in a statement. As results came in Tuesday night, Obama picked up early wins in Pennsylvania and Ohio -- states considered must-wins for McCain. Obama also won Virginia, a state that has not voted for a Democratic president since 1964. Going into the election, national polls showed Obama with an 8-point lead. Voters expressed excitement and pride in their country after casting their ballots in the historic election. Poll workers reported high turnout across many parts of the country, and some voters waited hours to cast their ballots. Tuesday marks the end of the longest presidential campaign season in U.S. history -- 21 months. Obama, 47, will now begin his transition to the White House. He will be sworn in at the 44th president on January 20, 2009.obama, obama victory speech, obama speech, cnn, mccain concession speech
Views: 4777
"This weekend," Sen. John McCain, R-Ariz., said today, "a plumber concerned that Senator Obama was going to raise his taxes asked him directly about his plan. The response was telling. Senator Obama explained to him that he was going to raise his taxes to quote 'spread the wealth around.'" Is that what happened? Judge for yourself -- here's the exchange.(Watch the video)Outside Toledo, Ohio, on Sunday, Sen. Barack Obama, D-Ill., was approached by plumber Joe Wurzelbacher, a big, bald man with a goatee who asked Obama if he believes in the American dream. "I'm getting ready to buy a company that makes 250 to 280 thousand dollars a year," Wurzelbacher said. "Your new tax plan is going to tax me more, isn't it?" Obama said, "First off, you would get a 50% tax credit so you'd get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.†Responded Wurzelbacher, "the reason I ask you about the American dream, I mean I've worked hard. I'm a plumber. I work 10-12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American dream." "Well," said Obama, "here's a way of thinking about it. How long have been a plumber?" Wurzelbacher said 15 years. Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.†“Exactly," Wurzelbacher said. Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes." "No," said Wurzelbacher. "Of course not," said Obama. "But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well - even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.†Wurzelbacher said it seemed as though Obama might support a flat tax. Obama says, “you know, I would be open to it except here’s the problem with a flat tax is that if you actually put a flat tax together, in order for it to work and replace all the revenue that we’ve got, you’d probably end up having to make it like about a 40% sales tax. I mean that’s the value added, making it up. Now some people say 23 or 25, but in truth when you add up all the revenue that would need to be raised, you’d have to slap on a whole bunch of sales taxes on. And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent." Obama said, "My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody." That's the key moment McCain is jumping out…"when you spread the wealth around it's good for everybody." "But listen," Obama said, shaking Wurzelbacher's hand, "I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf, because small businesses are what creates jobs in this country and I want to encourage it.†"Guys I gotta get out of here and go prepare for the debate," Obama said, "but that was pretty good practice right there."From ABC NEWS:By:Jake Tapper - He is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories.
Views: 4777
"This weekend," Sen. John McCain, R-Ariz., said today, "a plumber concerned that Senator Obama was going to raise his taxes asked him directly about his plan. The response was telling. Senator Obama explained to him that he was going to raise his taxes to quote 'spread the wealth around.'" Is that what happened? Judge for yourself -- here's the exchange.(Watch the video)Outside Toledo, Ohio, on Sunday, Sen. Barack Obama, D-Ill., was approached by plumber Joe Wurzelbacher, a big, bald man with a goatee who asked Obama if he believes in the American dream. "I'm getting ready to buy a company that makes 250 to 280 thousand dollars a year," Wurzelbacher said. "Your new tax plan is going to tax me more, isn't it?" Obama said, "First off, you would get a 50% tax credit so you'd get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.†Responded Wurzelbacher, "the reason I ask you about the American dream, I mean I've worked hard. I'm a plumber. I work 10-12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American dream." "Well," said Obama, "here's a way of thinking about it. How long have been a plumber?" Wurzelbacher said 15 years. Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.†“Exactly," Wurzelbacher said. Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes." "No," said Wurzelbacher. "Of course not," said Obama. "But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well - even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.†Wurzelbacher said it seemed as though Obama might support a flat tax. Obama says, “you know, I would be open to it except here’s the problem with a flat tax is that if you actually put a flat tax together, in order for it to work and replace all the revenue that we’ve got, you’d probably end up having to make it like about a 40% sales tax. I mean that’s the value added, making it up. Now some people say 23 or 25, but in truth when you add up all the revenue that would need to be raised, you’d have to slap on a whole bunch of sales taxes on. And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent." Obama said, "My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody." That's the key moment McCain is jumping out…"when you spread the wealth around it's good for everybody." "But listen," Obama said, shaking Wurzelbacher's hand, "I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf, because small businesses are what creates jobs in this country and I want to encourage it.†"Guys I gotta get out of here and go prepare for the debate," Obama said, "but that was pretty good practice right there."From ABC NEWS:By:Jake Tapper - He is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories.
Views: 4777
"This weekend," Sen. John McCain, R-Ariz., said today, "a plumber concerned that Senator Obama was going to raise his taxes asked him directly about his plan. The response was telling. Senator Obama explained to him that he was going to raise his taxes to quote 'spread the wealth around.'" Is that what happened? Judge for yourself -- here's the exchange.(Watch the video)Outside Toledo, Ohio, on Sunday, Sen. Barack Obama, D-Ill., was approached by plumber Joe Wurzelbacher, a big, bald man with a goatee who asked Obama if he believes in the American dream. "I'm getting ready to buy a company that makes 250 to 280 thousand dollars a year," Wurzelbacher said. "Your new tax plan is going to tax me more, isn't it?" Obama said, "First off, you would get a 50% tax credit so you'd get a tax cut for your healthcare costs….. if your revenue is above 250 – then from 250 down, your taxes are going to stay the same. It is true that from 250 up – from 250 – 300 or so, so for that additional amount, you’d go from 36 to 39%, which is what it was under Bill Clinton. And the reason why we’re doing that is because 95% of small businesses make less than 250. So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut. And so what we’re doing is, we are saying that folks who make more than 250 that that marginal amount above 250 – they’re gonna be taxed at a 39 instead of a 36% rate.†Responded Wurzelbacher, "the reason I ask you about the American dream, I mean I've worked hard. I'm a plumber. I work 10-12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American dream." "Well," said Obama, "here's a way of thinking about it. How long have been a plumber?" Wurzelbacher said 15 years. Obama says, “Over the last 15 years, when you weren’t making 250, you would have been given a tax cut from me, so you’d actually have more money, which means you would have saved more, which means you would have gotten to the point where you could build your small business quicker than under the current tax code. So there are two ways of looking at it – I mean one way of looking at it is, now that you’ve become more successful through hard work – you don’t want to be taxed as much.†“Exactly," Wurzelbacher said. Obama continued, “But another way of looking at it is 95% of folks who are making less than 250, they may be working hard too, but they’re being taxed at a higher rate than they would be under mine. So what I’m doing is, put yourself back 10 years ago when you were only making whatever, 60 or 70. Under my tax plan you would be keeping more of your paycheck, you’d be paying lower taxes, which means you would have saved…Now look, nobody likes high taxes." "No," said Wurzelbacher. "Of course not," said Obama. "But what’s happened is that we end up – we’ve cut taxes a lot for folks like me who make a lot more than 250. We haven’t given a break to folks who make less, and as a consequence, the average wage and income for ordinary folks, the vast majority of Americans, has actually gone down over the last eight years. So all I want to do is – I’ve got a tax cut. The only thing that changes, is I’m gonna cut taxes a little bit more for the folks who are most in need and for the 5% of the folks who are doing very well - even though they’ve been working hard and I appreciate that – I just want to make sure they’re paying a little bit more in order to pay for those other tax cuts. Now, I respect the disagreement. I just want you to be clear – it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too.†Wurzelbacher said it seemed as though Obama might support a flat tax. Obama says, “you know, I would be open to it except here’s the problem with a flat tax is that if you actually put a flat tax together, in order for it to work and replace all the revenue that we’ve got, you’d probably end up having to make it like about a 40% sales tax. I mean that’s the value added, making it up. Now some people say 23 or 25, but in truth when you add up all the revenue that would need to be raised, you’d have to slap on a whole bunch of sales taxes on. And I do believe for folks like me who have worked hard, but frankly also been lucky, I don’t mind paying just a little bit more than the waitress that I just met over there who’s things are slow and she can barely make the rent." Obama said, "My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody." That's the key moment McCain is jumping out…"when you spread the wealth around it's good for everybody." "But listen," Obama said, shaking Wurzelbacher's hand, "I respect what you do and I respect your question, and even if I don’t get your vote, I’m still gonna be working hard on your behalf, because small businesses are what creates jobs in this country and I want to encourage it.†"Guys I gotta get out of here and go prepare for the debate," Obama said, "but that was pretty good practice right there."From ABC NEWS:By:Jake Tapper - He is ABC News' Senior National Correspondent based in the network's Washington bureau. He writes about politics and popular culture and covers a range of national stories.