October 23rd, 2008
03:15 PM ET
14 years ago

Obama says McCain puts Main Street last

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/10/23/campaign.wrap/art.obama.ap.jpg caption="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."

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Filed under: Candidate Barack Obama • John McCain
soundoff (153 Responses)
  1. ljkcan

    I am Canadian and I agree we are highly taxed and when I heard that Cindy McCain only got taxed at a rate of 27% , you see the stark difference.

    We have health care, our children our vaccinated our drug prices are regulated that is why I only pay $5.00 for an inhaler while my dear friend in Texas pays $90.00. As Sen Obama would say that is not right.

    October 23, 2008 05:15 pm at 5:15 pm |
  2. Paying Attention

    McCain does not understand Mainstreet.

    If he did he would not have come up with his crazy Healthcare plan that will tax my healthcare for the first time ever.

    October 23, 2008 05:15 pm at 5:15 pm |
  3. danel


    This was proven lies yesterday. Fact is: Michelle never stayed at Waldorf. Don't believe everthing reported to you by Faux Noise.

    October 23, 2008 05:16 pm at 5:16 pm |
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