John Edwards in CNN political race coverage


On Budget & Economy: $100B economic stimulus package for green infrastructure

Q: There is a lot of fear of recession. Do we need an economic stimulus package?

A: In the short term, what I've proposed is a very strong economic stimulus package, which is $100 billion, phased in over a period of months. And it's focused on building green infrastructure, modernizing our unemployment insurance laws, getting help to the states that are struggling to do what they need to do. But I think the economy needs stimulus, given what's happening right now.

Source: CNN coverage: LATE EDITION Jan 13, 2008

On Budget & Economy: Long-term growth come from strengthening middle class

Over and over in American history, the way we sustain long-term economic growth is to grow and strengthen the middle class. When we're lifting families out of poverty, when the middle class is feeling economically secure, then the economy can grow and it is sustainable. There are whole group of structural things we need to do to accomplish that: universal health care; green the economy; raise the minimum wage to $9.50. Ideas aimed at growing the middle class--that's the long-term solution.
Source: CNN coverage: LATE EDITION Jan 13, 2008

On Corporations: No cut in corporate tax rates; change incentives instead

Q: Do you believe there should be a cut in corporate tax rates right now to stimulate the economy and create jobs?

A: That is not what I would do. I think that there have been an awful lot of corporate tax loopholes that have been created over a period of decades now. In fact, there is actually a tax incentive today for American companies that are sending jobs overseas. I think that needs to be stopped. That loophole needs to be closed.

Q: Some economists say that this very high US corporate tax rate, one of the highest in the world, is really, in the end, hurting American workers because it simply encourages these companies to go overseas where the tax structure is a lot lower.

A: Well, I think what we have actually done, bot through our trade laws and our tax laws, is incentivize companies to go overseas. I think those incentives need to be changed, both in our trade structure and in our tax structure. We need to be pay more attention to the impact on middle class families.

Source: CNN coverage: LATE EDITION Jan 13, 2008

The above quotations are from CNN political race coverage.
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