October 23, 2008
Posted: October 23rd, 2008 03:15 PM ET
Sen. Barack Obama is trying to take the lead in Indiana, a traditionally Republican state.
(CNN) – Sen. Barack Obama on Thursday charged that Sen. John McCain "wants to keep on putting corporations ahead of workers." "Just yesterday, Sen. McCain strongly defended the Bush policy of lavishing tax cuts on corporations, including those that ship American jobs overseas. "He made the strange argument that the best way to stop companies from shipping jobs overseas is to give more tax cuts to companies that are shipping jobs overseas," Obama said at a rally in Indianapolis, Indiana. Obama was referring to comments McCain made Wednesday in an interview with CNN's Wolf Blitzer. McCain said that big corporations often move work overseas if they can because the tax rate is much lower. "If they go to Ireland, they're only paying 11 percent. So where are they going to go where they can create wealth and create jobs? It's simple fundamental economics," McCain said as he defended his plan to cut the corporate tax rate from 35 percent to 25 percent. Obama on Thursday said, "My opponent may call that 'fundamental economics,' but we know that's just another name for the Wall Street first, Main Street last." Filed under: Barack Obama John McCain
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