John McCain: Rally 10/18/08

John McCain
Rally
Woodbridge, VA - 10/18/08

TRANSCRIPT:
JOHN MCCAIN: This explains, [Crowd member: Its my money!] this explains some big problems with my opponents claim that he will cut income taxes for 95 percent of Americans. You might ask, how do you cut income taxes, Federal taxes, for 95 percent of Americans when more than 40 percent pay no income taxes right now. How do you reduce the number to zero? [Crowd cheers] Well thats the key in Barack Obamas whole plan. Since you cant reduce taxes on those who pay zero, the government will write them all checks called a tax credit [crowd boos] and the treasury will have to cover those checks by taxing other people, you, including a lot of folks just like Joe. [Crowd boos, someone yells it wont work!] In other words, Barack Obamas plan to raise taxes on some in order to give checks to others isnt a tax cut, its just another government give away.

LABEL: JM VA 10-18 (LR#13) UCG ClipD

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Category:

News & Politics

Tags:

• TRACKING
• John
• McCain
• Barack
• Obama
• tax
• plan
• cut
• government
• giveaway
• checks
• income
• credit