Remarks as Prepared for Delivery
Sen. John McCain Speaks in Bensalem, Penn.
Tuesday, October 21, 2008; 11:15 AM
SPEAKER: SEN. JOHN MCCAIN, R-ARIZ.
[*] MCCAIN: It's great to be here in Pennsylvania. We need to win Pennsylvania on November 4th, and with your help -- we're going to win Pennsylvania, and bring real change to Washington, DC. I heard that Senator Obama was showing some love to the Rays down in Tampa Bay yesterday. Now, I'm not dumb enough to get mixed up in a World Series between swing states, but I think I may have detected a little pattern with Senator Obama. It's pretty simple really. When he's campaigning in Philadelphia, he roots for the Phillies, and when he's campaigning in Tampa Bay, he shows love to the Rays. It's kind of like the way he campaigns on tax cuts, but then votes for tax increases after he's elected. Or the way he says he backs the middle class and then goes and attacks Joe the Plumber after he's asked a tough question.
Now, Joe didn't ask for Senator Obama to come to his house, and he didn't ask to be famous. He certainly didn't ask for the political attacks on him from the Obama campaign. Joe's dream is to own a small business that will create jobs, and the attacks on him are an attack on small businesses all over the country. Small businesses employ 84 percent of Americans, and we need to support small businesses, not tax them.
After months of campaign trail eloquence, we've finally learned what Senator Obama's economic goal is. As he told Joe, he wants to quote "spread the wealth around." He believes in redistributing wealth, not in policies that grow our economy and create jobs and opportunities for all Americans. Senator Obama is more interested in controlling who gets your piece of the pie than he is in growing the pie. This explains some big problems with my opponent's claim that he will cut income taxes for 95 percent of Americans. You might ask: How do you cut income taxes for 95 percent of Americans, when more than 40 percent pay no income taxes right now? How do you reduce the number zero?
Well, that's the key to Barack Obama's whole plan: Since you can't reduce income taxes on those who pay zero, the government will write them all checks called a tax credit. And the Treasury will have to cover those checks by taxing other people, including a lot of folks just like Joe. In other words, Barack Obama's plan to raise taxes on some in order to give checks to others is not a tax cut; it's just another government giveaway. We have too much of that already.
The Obama tax increase would come at the worst possible time for America, and especially for small businesses like the one Joe dreams of owning. The small businesses Senator Obama would tax provide 16 million jobs in America. And a sudden tax hike for those businesses will kill jobs at a time when we need to be creating more jobs. I'm not going to let that happen.
America has an alternative to the phony tax cut my opponent started talking about only months ago. The McCain-Palin tax cut is the real thing. We're going to double the child deduction for every family. We will cut the capital gains tax. And we will cut business taxes to help create jobs, and keep American businesses in America.