2008 second presidential debate, in Nashville: on Tax Reform

Barack Obama: My plan cuts taxes for most small businesses & 95% of people

OBAMA: I want to provide a tax cut for 95% of Americans. If you make less than a quarter of a million dollars a year, you will not see a single dime of your taxes go up. If you make $200,000 a year or less, your taxes will go down. Now, Sen. McCain talks about small businesses. Only a few percent of small businesses make more than $250,000 a year. The vast majority of small businesses would get a tax cut under my plan. And we provide a 50% tax credit so that they can buy health insurance for their workers, because there are an awful lot of small businesses that want to do right by their workers but they just can’t afford it. Some small business owners can’t even afford health insurance for themselves

John McCain: Keep tax rates the same; let’s not raise anybody’s taxes

OBAMA: I want to provide a tax cut for 95% of Americans. The vast majority of small businesses would get a tax cut under my plan.

John McCain: FactCheck: Obama voted for taxes 76 times, not 94 times

Previously, McCain said Obama voted 94 times to increase taxes, which is way off. He’s now saying it’s 94 votes either for increased taxes or against tax cuts. But that’s still misleading. 18 of the votes were for lowering taxes for most people while increasing them on a few.