August 1, 2008
Posted: August 1st, 2008 10:45 AM ET
From CNN Associate Political Editor Rebecca Sinderbrand
Obama pushed for his energy rebate plan Friday.
(CNN) - Barack Obama said Friday that a windfall profits tax should be imposed on the oil industry to subsidize a $1,000 "emergency" rebate for consumers struggling with surging gas prices. The rebates had already been announced as part of his tax relief proposal, but the presumptive Democratic presidential nominee said the release of a disappointing jobs report Friday called for the immediate adoption of the plan, which he said would provide a rebate that would “be enough to offset the increased cost of gas for a working family over the next four months." Listen: Obama's economic advisors describe the plan on a campaign conference call
Obama and John McCain reacted to the latest unemployment numbers released Friday, which show the nation lost 51,000 jobs in June, by attacking each other’s proposed economic fixes.
“Today’s jobs report is an urgent reminder that we cannot afford four more years of the failed Bush economic policies, and that is what Senator McCain is offering,” said Obama in a statement, characterizing the plan as a give-away to corporations and oil companies. The presumptive Republican nominee plugged his own jobs plan, and said Obama’s proposal represented a return to failed economic policies. "Unlike Senator Obama, I do not believe that raising taxes is the answer to our economic problems,” McCain said in a statement. “There is no surer way to force jobs overseas than to raise taxes on businesses. The American people cannot afford economic policies that will take us backward." Filed under: Barack Obama
|
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNNPolitics.com Headlines
CNN=Politics Screensaver
New in the Ticker
@KuhnCNN: Great meeting @JackGrayCNN today and seeing @sinderbrandrcnn in NYC! AC Rock Stars! :-)
Updated: Tue, 09 Feb 2010 22:07:10 -0800 @KuhnCNN: Posted today: Clinton foreign trip first on Twitter. http://bit.ly/9Axuh9 /via @PoliticalTicker
Updated: Tue, 09 Feb 2010 20:36:14 -0800 @KuhnCNN: RT @octavianasrCNN: MUST-READ// Coaching tomorrow's world leaders, through social networking -- http://bit.ly/9tmW6x
Updated: Tue, 09 Feb 2010 20:32:51 -0800 @AWMooneyCNN: Metro finally comes and then stops at station for 20 minutes #snoverkill
Updated: Tue, 09 Feb 2010 19:46:27 -0800 @psteinhauserCNN: I just shoveled two feet of snow off the roof. That was fun!
Updated: Tue, 09 Feb 2010 18:14:34 -0800 Categories
Archive
Popular Posts
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loading weather data ...