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Views: 4797
"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: 4797
"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: 4797
"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: 4797
"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: 4797
"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: 4797
"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: 4844
House Republicans on Monday blamed a partisan speech from Speaker Nancy Pelosi for the failure of a massive Wall Street bailout measure. “I do believe that we could have gotten there today had it not been for this partisan speech that the speaker gave on the floor of the House,†House Minority Leader John Boehner (R-Ohio) said, adding that Pelosi “poisoned†the GOP conference.Deputy Minority Whip Eric Cantor (R-Va.) held up a copy of Pelosi’s floor speech at a press conference and said she had “failed to listen and to lead†on the issue.The Speaker had blasted the Bush administration in her speech and Minority Whip Roy Blunt (R-Mo.) asserted that some GOP lawmakers, who had reluctantly agreed to support the bill, might have changed their minds following Pelosi’s remarks.Pelosi had said that the $700 billion price tag of the measure “is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.â€Democrats noted that a majority of Republicans had opposed the bill, while a majority of Democrats supported it.
Views: 4844
House Republicans on Monday blamed a partisan speech from Speaker Nancy Pelosi for the failure of a massive Wall Street bailout measure. “I do believe that we could have gotten there today had it not been for this partisan speech that the speaker gave on the floor of the House,†House Minority Leader John Boehner (R-Ohio) said, adding that Pelosi “poisoned†the GOP conference.Deputy Minority Whip Eric Cantor (R-Va.) held up a copy of Pelosi’s floor speech at a press conference and said she had “failed to listen and to lead†on the issue.The Speaker had blasted the Bush administration in her speech and Minority Whip Roy Blunt (R-Mo.) asserted that some GOP lawmakers, who had reluctantly agreed to support the bill, might have changed their minds following Pelosi’s remarks.Pelosi had said that the $700 billion price tag of the measure “is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies — policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.â€Democrats noted that a majority of Republicans had opposed the bill, while a majority of Democrats supported it.
Views: 4412
Surrounded by an enormous, adoring crowd, Barack Obama promised a clean break from the "broken politics in Washington and the failed policies of George W. Bush" Thursday night as he embarked on the final lap of his audacious bid to become the nation's first black president."America, now is not the time for small plans," the 47-year-old Illinois senator told an estimated 84,000 people packed into Invesco Field, a huge football stadium at the base of the Rocky Mountains.He vowed to cut taxes for nearly all working-class families, end the war in Iraq and break America's dependence on Mideast oil within a decade. By contrast, he said, "John McCain has voted with President Bush 90 percent of the time," a scathing indictment of his Republican rival _ on health care, education, the economy and more.Polls indicate a close race between Obama and McCain, the Arizona senator who stands between him and a place in history. On a night 45 years after Martin Luther King Jr. delivered his "I have a Dream Speech," Obama made no overt mention of his own race."I realize that I am not the likeliest candidate for this office. I don't fit the typical pedigree" of a presidential candidate was as close as he came to the long-smoldering issue that may well determine the outcome of the election.Fireworks lit the night sky as Obama accepted the cheers of his supporters. His wife, Michelle, and their daughters Malia and Sasha joined him, and the country music sounds of "Only in America" filled the stadium.Campaigning as an advocate of a new kind of politics, he suggested at least some common ground was possible on abortion, gun control, immigration and gay marriage.Obama delivered his 44-minute nominating acceptance speech in an unrivaled convention setting, before a crowd of unrivaled size _ the filled stadium, the camera flashes in the night, the made-for-television backdrop that suggested the White House, and the thousands of convention delegates seated around the podium in an enormous semicircle.Obama and his running mate, Sen. Joseph Biden. of Delaware, leave their convention city on Friday for Pennsylvania, first stop on an eight-week sprint to Election Day.McCain countered with a bold move of his own, hoping to steal some of the political spotlight by spreading word that he had settled on a vice presidential running mate. Minnesota Gov. Tim Pawlenty canceled all scheduled appearances for the next two days, stoking speculation that he was the one.Rep. John Lewis of Georgia spoke from the convention stage of the anniversary of King's memorable speech."Tonight we are gathered here in this magnificent stadium in Denver because we still have a dream," said the Georgia lawmaker, who marched with King, supported Obama's primary rival, Hillary Rodham Clinton, then switched under pressure from younger black leaders in his home state and elsewhere.Obama's aides were interested in a different historical parallel from King _ Obama was the first to deliver an outdoor convention acceptance speech since John F. Kennedy did so at the Los Angeles Coliseum in 1960.In his speech, Obama pledged to jettison Bush's economic policy _ and replace it with his own designed to help hard-pressed families."I will cut taxes for 95 percent of all working families. Because in an economy like this, the last thing we should do is raise taxes on the middle class," he said.The speech didn't mention it, but Obama has called for raising taxes on upper-income Americans to help pay for expanded health care and other domestic programs.He did not say precisely what he meant by breaking the country's dependence on Mideast oil, only that Washington has been talking about doing it for 30 years "and John McCain has been there for 26 of them."Criticized by the GOP for his thin foreign policy portfolio, Obama said he welcomed a national security debate with McCain."We are the party of Roosevelt. We are the party of Kennedy. So don't tell me that Democrats won't defend this country," Obama said. "I will never hesitate to defend this nation."He said McCain had no standing on foreign policy, not after backing the Iraq war from the start and rejecting timetables for withdrawal now accepted by Bush. "John McCain stands alone in his stubborn refusal to end a misguided war," he said.Obama's pledge to end the war in Iraq responsibly was straight from his daily campaign speeches."I will rebuild our military to meet future conflicts. But I will also renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons," he added.As he does so often while campaigning, Obama also paid tribute to McCain's heroism _ the 72-year-old Arizona senator was a prisoner of war in Vietnam _ then assailed him."Sen. McCain likes to talk about judgment, but really, what does it say about your judgment when you think George Bush was right more than 90 percent of the time?Former Vice President Al Gore picked up on the same theme. "If you like the Bush-Cheney approach, John McCain's your man. If you want change, then vote for Barack Obama and Joe Biden," he declared.The much-discussed stage built for the program was evocative of the West Wing at the White House, with 24 American flags serving as a backdrop. A blue carpeted runway jutted out toward the infield, and convention delegates ringed the podium. Thousands more sat in stands around the rim of the field.The wrap-up to the party convention blended old-fashioned speechmaking, Hollywood-quality stagecraft and innovative, Internet age politics.The list of entertainers ran to Sheryl Crow, Stevie Wonder and will.i.am, whose Web video built around Obama's "Yes, we can" rallying cry quickly went viral during last winter's primaries.In a novel bid to extend the convention's reach, Obama's campaign decided to turn tens of thousands of partisans in the stands into instant political organizers.They were encouraged to use their cell phones to send text messages to friends as well as to call thousands of unregistered voters from lists developed by the campaign.In all, Obama's high command said it had identified 55 million unregistered voters across the country, about 8.1 million of them black, about 8 million Hispanic and 7.5 million between the ages of 18 and 24.Those are key target groups for Obama as he bids to break into the all-white line of U.S. presidents and at the same time restore Democrats to the White House for the first time in eight years.The Democratic man of the hour paid a brief visit to members of his home-state Illinois delegation before the curtain went up on his show. "I came by (because) I had this speech tonight. I wanted to practice it out on you guys. See if it worked on a friendly audience," he joked.There was no joking about the stakes in the speech, a once-in-a-campaign opportunity to speak to millions of voters who have yet to make up their minds between McCain and him. The polls show a close race nationally, with more than enough battleground states tight enough to tip the election either way.Obama's hopes of victory rely on holding onto the large Democratic base states such as California, New York, Michigan and his own Illinois, while eating into territory that voted for George W. Bush. Ohio tops that list, and Democrats have also targeted Montana, North Dakota, Virginia and New Mexico, among others, as they try to expand their Electoral College map.McCain was in Ohio as Obama spoke, and after a series of sharply negative convention week television commercials, his campaign aired a one-night advertisement that complimented Obama and noted the speech occurred on the anniversary of King's famous address."Senator Obama, this is truly a good day for America. Too often the achievements of our opponents go unnoticed. So I wanted to stop and say, 'Congratulations,'" McCain says in the ad."How perfect that your nomination would come on this historic day. Tomorrow, we'll be back at it. But tonight Senator, job well done."
Views: 4412
Surrounded by an enormous, adoring crowd, Barack Obama promised a clean break from the "broken politics in Washington and the failed policies of George W. Bush" Thursday night as he embarked on the final lap of his audacious bid to become the nation's first black president."America, now is not the time for small plans," the 47-year-old Illinois senator told an estimated 84,000 people packed into Invesco Field, a huge football stadium at the base of the Rocky Mountains.He vowed to cut taxes for nearly all working-class families, end the war in Iraq and break America's dependence on Mideast oil within a decade. By contrast, he said, "John McCain has voted with President Bush 90 percent of the time," a scathing indictment of his Republican rival _ on health care, education, the economy and more.Polls indicate a close race between Obama and McCain, the Arizona senator who stands between him and a place in history. On a night 45 years after Martin Luther King Jr. delivered his "I have a Dream Speech," Obama made no overt mention of his own race."I realize that I am not the likeliest candidate for this office. I don't fit the typical pedigree" of a presidential candidate was as close as he came to the long-smoldering issue that may well determine the outcome of the election.Fireworks lit the night sky as Obama accepted the cheers of his supporters. His wife, Michelle, and their daughters Malia and Sasha joined him, and the country music sounds of "Only in America" filled the stadium.Campaigning as an advocate of a new kind of politics, he suggested at least some common ground was possible on abortion, gun control, immigration and gay marriage.Obama delivered his 44-minute nominating acceptance speech in an unrivaled convention setting, before a crowd of unrivaled size _ the filled stadium, the camera flashes in the night, the made-for-television backdrop that suggested the White House, and the thousands of convention delegates seated around the podium in an enormous semicircle.Obama and his running mate, Sen. Joseph Biden. of Delaware, leave their convention city on Friday for Pennsylvania, first stop on an eight-week sprint to Election Day.McCain countered with a bold move of his own, hoping to steal some of the political spotlight by spreading word that he had settled on a vice presidential running mate. Minnesota Gov. Tim Pawlenty canceled all scheduled appearances for the next two days, stoking speculation that he was the one.Rep. John Lewis of Georgia spoke from the convention stage of the anniversary of King's memorable speech."Tonight we are gathered here in this magnificent stadium in Denver because we still have a dream," said the Georgia lawmaker, who marched with King, supported Obama's primary rival, Hillary Rodham Clinton, then switched under pressure from younger black leaders in his home state and elsewhere.Obama's aides were interested in a different historical parallel from King _ Obama was the first to deliver an outdoor convention acceptance speech since John F. Kennedy did so at the Los Angeles Coliseum in 1960.In his speech, Obama pledged to jettison Bush's economic policy _ and replace it with his own designed to help hard-pressed families."I will cut taxes for 95 percent of all working families. Because in an economy like this, the last thing we should do is raise taxes on the middle class," he said.The speech didn't mention it, but Obama has called for raising taxes on upper-income Americans to help pay for expanded health care and other domestic programs.He did not say precisely what he meant by breaking the country's dependence on Mideast oil, only that Washington has been talking about doing it for 30 years "and John McCain has been there for 26 of them."Criticized by the GOP for his thin foreign policy portfolio, Obama said he welcomed a national security debate with McCain."We are the party of Roosevelt. We are the party of Kennedy. So don't tell me that Democrats won't defend this country," Obama said. "I will never hesitate to defend this nation."He said McCain had no standing on foreign policy, not after backing the Iraq war from the start and rejecting timetables for withdrawal now accepted by Bush. "John McCain stands alone in his stubborn refusal to end a misguided war," he said.Obama's pledge to end the war in Iraq responsibly was straight from his daily campaign speeches."I will rebuild our military to meet future conflicts. But I will also renew the tough, direct diplomacy that can prevent Iran from obtaining nuclear weapons," he added.As he does so often while campaigning, Obama also paid tribute to McCain's heroism _ the 72-year-old Arizona senator was a prisoner of war in Vietnam _ then assailed him."Sen. McCain likes to talk about judgment, but really, what does it say about your judgment when you think George Bush was right more than 90 percent of the time?Former Vice President Al Gore picked up on the same theme. "If you like the Bush-Cheney approach, John McCain's your man. If you want change, then vote for Barack Obama and Joe Biden," he declared.The much-discussed stage built for the program was evocative of the West Wing at the White House, with 24 American flags serving as a backdrop. A blue carpeted runway jutted out toward the infield, and convention delegates ringed the podium. Thousands more sat in stands around the rim of the field.The wrap-up to the party convention blended old-fashioned speechmaking, Hollywood-quality stagecraft and innovative, Internet age politics.The list of entertainers ran to Sheryl Crow, Stevie Wonder and will.i.am, whose Web video built around Obama's "Yes, we can" rallying cry quickly went viral during last winter's primaries.In a novel bid to extend the convention's reach, Obama's campaign decided to turn tens of thousands of partisans in the stands into instant political organizers.They were encouraged to use their cell phones to send text messages to friends as well as to call thousands of unregistered voters from lists developed by the campaign.In all, Obama's high command said it had identified 55 million unregistered voters across the country, about 8.1 million of them black, about 8 million Hispanic and 7.5 million between the ages of 18 and 24.Those are key target groups for Obama as he bids to break into the all-white line of U.S. presidents and at the same time restore Democrats to the White House for the first time in eight years.The Democratic man of the hour paid a brief visit to members of his home-state Illinois delegation before the curtain went up on his show. "I came by (because) I had this speech tonight. I wanted to practice it out on you guys. See if it worked on a friendly audience," he joked.There was no joking about the stakes in the speech, a once-in-a-campaign opportunity to speak to millions of voters who have yet to make up their minds between McCain and him. The polls show a close race nationally, with more than enough battleground states tight enough to tip the election either way.Obama's hopes of victory rely on holding onto the large Democratic base states such as California, New York, Michigan and his own Illinois, while eating into territory that voted for George W. Bush. Ohio tops that list, and Democrats have also targeted Montana, North Dakota, Virginia and New Mexico, among others, as they try to expand their Electoral College map.McCain was in Ohio as Obama spoke, and after a series of sharply negative convention week television commercials, his campaign aired a one-night advertisement that complimented Obama and noted the speech occurred on the anniversary of King's famous address."Senator Obama, this is truly a good day for America. Too often the achievements of our opponents go unnoticed. So I wanted to stop and say, 'Congratulations,'" McCain says in the ad."How perfect that your nomination would come on this historic day. Tomorrow, we'll be back at it. But tonight Senator, job well done."