McCain: Obama's Tax Policies Are Socialist

CHARLOTTE, N.C. – Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it.

"At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives," McCain said in a radio address. "They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it's just another government giveaway."

McCain, though, has a health care plan girded with a similar philosophy. He proposes providing individuals with a $5,000 tax credit to buy health insurance. He would pay for his plan, in part, by considering as taxable income the money their employer spends on their health coverage.
McCain leveled his charge before a pair of appearances aimed at restoring his lead in critical battleground states. In both North Carolina and Virginia, where McCain was to speak later in the day, his campaign has surrendered its lead to Obama in various polls. President Bush, a Republican, won both states in 2004.

The state dips mimic larger national trends that have given Obama a lead over McCain following Wall Street chaos that focused the race on who is best equipped to restore the economy.

On Sunday, McCain was to travel to Ohio, where he might appear with "Joe the Plumber," the Holland, Ohio, plumber Joe Wurzelbacher whom the senator has been portraying as emblematic of people with concerns about Obama's tax plans.

Wurzelbacher became the focal point of the final presidential debate after he met Obama earlier in the week and said the Democrat's tax proposal could keep him from buying the two-man plumbing company where he works. However, reports of Wurzelbacher's annual earnings suggest he would receive a tax cut rather than an increase under Obama's plan.

Obama has said his tax policies would cut payments for 95 percent of working Americans, while increasing them only for families making more than $250,000 a year. McCain has argued that 40 percent of Americans don't pay income taxes, either because they are seniors or don't meet minimum earnings thresholds, so the only way to cut their taxes is to give them various credits.

"In other words, Barack Obama's tax plan would convert the IRS into a giant welfare agency, redistributing massive amounts of wealth at the direction of politicians in Washington," McCain said in the radio address.
An Obama spokesman did not immediately respond to a request for comment.

The last Democratic candidate to win North Carolina was Southerner Jimmy Carter in 1976 when the Republicans were reeling from President Nixon's resignation following the Watergate scandal. Virginia has not voted for a Democratic nominee since President Johnson's landslide victory in 1964.

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  • by Anonymous on Oct 20, 2008 at 04:27 AM
    I'm with you Boots.
  • by ??? Location: NC on Oct 18, 2008 at 05:11 PM
    Boots, you must be confused. All your comments fit Obama to a T.
  • by Palinsux Location: All Over on Oct 18, 2008 at 03:29 PM
    Well, at least they are not idiotic!
  • by Bear Location: Greenville on Oct 18, 2008 at 12:54 PM
    I have a new idea for mr. Obama's list of changes: "Instead of spreading the wealth, let's first spread the work and the wealth will follow!!! Wouldn't that be a novel idea????
  • by Boots on Oct 18, 2008 at 12:27 PM
    To J, That is not true any one that can't see that McCain is slinging three times more mud, just plain doesn't want to see it. Not only that they do not deserve to win this election. McCain can't focus on the issues, his attention span is minus zero. All the republicans on here can only focus on Obama so I guess it runs in the blood. They don't have a clue about what McCain is saying OR doing. They are on a political witch hunt, well the hunt is almost over.On Nov.4th we move in to take you down. Get you butts out of the Whitehouse because we are moving in baby.Obama\Biden 08
  • by Anonymous Location: From:am I reading his plan right on Oct 18, 2008 at 12:25 PM
    If i am reading Mccain policy correct, I get $5,000 tax cut, oh what happen two months from then and I need to get more heath insurance, what do i do, do i lay in my bed and die? and what about my boys, do i watch then suffer, nope, I take them to the emergency room and let you the tax payers take up the tab.I don't dislike McCain, but man i can't accept his pan. life is more that just today and tomorrow, it is next week, next month,when the $5,000 is gone, I am out of luck.
  • by jl Location: gville on Oct 18, 2008 at 12:13 PM
    About time someone said it. If I had made myself successful, I wouldn't want to share it with all those who sit at home and don't do a darned thing to better themselves.
  • by ??? Location: NC on Oct 18, 2008 at 12:10 PM
    What do you get when you cross a Commie with an Islamic. A Comic. Except there aint nothing funny about this idiot.He is a very real threat to America.God willing he will lose the election. If he doesnt then God help us.
  • by Mr. Bob on Oct 18, 2008 at 10:47 AM
    Right On Senator McCain!
  • by J on Oct 18, 2008 at 09:47 AM
    All this bickering between the two parties has made me want to vote for a 3rd party candidate more than ever. While I know that person would never win, atleast I know they ran an honorable campaign something neither of these men can say!

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