McCain's and Obama's Economic Speeches
Club for Growth PAC on Presidential Candidates’ Economic Speeches
Washington - Senator McCain’s economic plan of maintaining current income tax rates, cutting corporate taxes, expanding free trade, and cutting government spending is reassuring to those who care about economic growth in this country, especially when compared with Barrack Obama’s redistributive radicalism.
“What this country needs is a long-term economic plan that rewards hard-work, decreases regulation, and encourages risk and innovation at all income levels,” said Club for Growth President Pat Toomey. “McCain’s economic plan moves us in that direction.”
“In contrast, Obama offers the American people short-term handouts, but no long-term plan to jumpstart the economy. His second “stimulus” plan is nothing more than a new government spending package. Apparently, it has not occurred to Barack Obama that in order to spend more money, the government has to confiscate that money from someone who has created it. When you do that, you do not create more jobs, wealth, and economic growth; you actually create less.”
“Barack Obama also engaged in an alarming act of revisionist history when he argues that the 2001 and 2003 tax cuts ‘reward not work, not success, but pure wealth.’ Obama wasn’t actually in the Senate in 2001 and 2003, so perhaps he needs a refresher course in what those tax cuts did. They lowered marginal income taxes for everyone and took many working class Americans off the tax rolls altogether. If that’s not a reward for hard work and success, I don’t know what is.”
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