Obama and McCain go to mat over taxes

MarketWatch ^ | Aug. 14, 2008 | Robert Schroeder

[AngelesCrestHighway]

WASHINGTON (MarketWatch) -- Sens. Barack Obama and John McCain went to the mat over their respective tax policies on Thursday, as Obama's economic advisers laid out the senator's tax plans in an op-ed and said his Republican opponent would offer "a third Bush term." McCain's campaign fired back that Obama's tax proposals represent "lavish new government spending" to be paid for by tax increases amid a struggling economy. Writing in The Wall Street Journal, Obama advisers Jason Furman and Austan Goolsbee said Obama is focused on cutting taxes for middle-class families and small businesses and investing in health, education and other areas.

[AngelesCrestHighway]

McCain's campaign released a 12-page summary of what it called Obama's tax "shifts," including voting for the conference report on the Democrats' budget in June, which raised taxes for Americans earning about $42,000 or more.......

Obama will go further than any president in history to socialize this couintry by passing massive tax increases on everyone!

[Right Cal Gal]

investing squandering it in health, education and other areas

Fixed it.

[Lakeshark]

Goolsbee said Obama is focused on cutting taxes for middle-class families and small businesses

Exactly the kind of promise Clinton made when he first ran. Are these people predictable or what? Can't wait to hear that Obama worked harder than he ever did in his whole life, but just couldn't find a way to do the promised tax cuts.

[fwdude]

Obama is focused on cutting taxes for middle-class families and small businesses and investing in health, education and other areas.

You don't "invest" in health and education.... ask anyone in the DC school district that "invests" more per student than just about any other district and yet consistently scores at the bottom of the heap. These outlays are always expenses.

Leave it to a democrat to butcher the language. To them, handing out condoms to 6th graders is an "investment."

[CGTRWK]

Sure it’s an investment.

An investment in new government employees who will vote Marxist the rest of their careers to ensure the gravy keeps on coming.

[wayoverontheright]

...said his Republican opponent would offer "a third Bush term."

That would be preferable to a second Jimmy Carter term, wouldn't it Senator Obama?

[Sacajaweau]

I heard some economic advisor to Obama last night..His little speeches were the perfect defintion of “nonsense”.