Description: Leading During Financial Crisis
Candidate: Sen. McCain
Question: Respond directly to Senator Obama about your policies about tax cuts. ]
LEHRER: Respond directly to him about that, to Senator Obama about that, about the -- he's made it twice now, about your tax -- your policies about tax cuts.
MCCAIN: Well -- well, let me give you an example of what Senator Obama finds objectionable, the business tax.
Right now, the United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent.
Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera.
I want to cut that business tax. I want to cut it so that businesses will remain in -- in the United States of America and create jobs.
But, again, I want to return. It's a lot more than $18 billion in pork-barrel spending. I can tell you, it's rife. It's throughout.
The United States Senate will take up a continuing resolution tomorrow or the next day, sometime next week, with 2,000 -- 2,000 -- look at them, my friends. Look at them. You'll be appalled.
And Senator Obama is a recent convert, after requesting $932 million worth of pork-barrel spending projects.
So the point is, I want people to have tax cuts. I want every family to have a $5,000 refundable tax credit so they can go out and purchase their own health care. I want to double the dividend from $3,500 to $7,000 for every dependent child in America.
I know that the worst thing we could possibly do is to raise taxes on anybody, and a lot of people might be interested in Senator Obama's definition of "rich."
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