McCain, however, dismissed Warren’s question, asking in jest, “How about $5 million?”
TPJ: Which means borrowing more money from China and go further into debt (McCain's economic policy would increase the national debt by $3 trillion). How is that policy any different than Bush? It's not. No one wants to pay taxes but I'd rather pay up front than have to borrow money (and accrue interest) to pay for things. It's called "pay as you go," something that everday Americans do to stay within our budgets. How is it that Republicans have gained the image of being the fiscally responsible ones with their solution of borrowing money and passing the bill onto our kids and grandkids?
WARREN: Everybody talks about, you know, taxing the rich, but not the poor, the middle class. At what point, give me a number, give me a specific number. Where do you move from middle class to rich? […]
MCCAIN: How about $5 million? No, but seriously, I don’t think you can, I don’t think seriously that the point is I’m trying to make, seriously, and I’m sure that comment will be distorted but the point is…that we want to keep people’s taxes low, and increase revenues. … So, it doesn’t matter really what my definition of rich is because I don’t want to raise anybody’s taxes. I really don’t.
It may not be important to McCain and his rich buddies as to what defines rich since they don't need to worry about money but it sure matters to those of us barely making it financially.
But while McCain now says “it doesn’t matter really what my definition of rich is,” in 2000, he criticized tax cuts proposed by then-presidential candidate George W. Bush because they would benefit the rich “at the expense of middle-class Americans.” McCain said that he believed Bush was targeting the wrong individuals:
I don’t think the governor’s tax cut is too big–it’s just misplaced. Sixty percent of the benefits from his tax cuts go to the wealthiest 10 percent of Americans–and that’s not the kind of tax relief that Americans need. … I don’t believe the wealthiest 10 percent of Americans should get 60 percent of the tax breaks. I think the lowest 10 percent should get the breaks.
McCain summarized his position at the time saying, “I’m not giving tax cuts for the rich.” Now McCain is proposing to do exactly that. McCain — who, by his own definition, is rich — would get a $300,000 tax break if his proposals were enacted. McCain would decrease middle-class Americans’ tax bills by just $319.
TPJ: This is yet another example how McCain has happily and unabashedly embraced George W. Bush on his tax policy giving the vast majority of cuts to the rich, not the middle-class. For a supposed "Christian" John McCain clearly doesn't understand the Bible verse that Obama quoted last night at the Faith Forum saying, "To whom much is given, much is expected."
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