2008 first presidential debate, at Ole Miss: on Jobs
Barack Obama:
End incentives that move jobs overseas
McCAIN: Obama didn’t mention that along with his tax cuts he is also proposing some $800 billion in new spending on new programs. That’s the fundamental difference between myself and Obama. I want to cut spending. I want to keep taxes low.
The worst thing we could do in this economic climate is to raise people’s taxes.OBAMA: What I do is, I close corporate loopholes, stop providing tax cuts to corporations that are shipping jobs overseas, so that we’re giving tax breaks to companies
that are investing here in the US. I make sure that we have a health care system that allows for everyone to have basic coverage. Those are pretty important priorities. I’d pay for every dime of them. When you look at your tax policies that are directed
primarily at those who are doing well and you are neglecting people who are really struggling right now, I think, that is a continuation of the last eight years. We can’t afford another four.
Source: 2008 first presidential debate, Obama vs. McCain
Sep 26, 2008
John McCain:
Cut business taxes so companies will keep jobs in US
Right now the US business pays the second highest business taxes in the world, 35%. Ireland pays 11%. If you’re a businessperson and you can locate anyplace in the world, then obviously if you go to the country where it’s 11% tax versus
35%, you’re going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the US and create jobs. I want to return, it’s a lot more than
$18 billion in pork-barrel spending. I can tell you it’s rife. It’s throughout. Obama is a recent convert, after requesting $932 million worth of pork-barrel spending projects. I want people to have tax cuts. I want every family to have a
$5,000 refundable tax credit so they can go out and purchase their own health care. I want to double the dividend, from $3,500 to $7,000, for every dependent child in America. I know that the worst thing we could possibly do is to raise taxes on anybody.
Source: 2008 first presidential debate, Obama vs. McCain
Sep 26, 2008
Page last updated: Dec 02, 2018