Holtz-Eakin on McCain: MSNBC 10/28/08

Douglas Holtz-Eakin on John McCain "MSNBC Live" 02:05pm Commentary TOPIC: taxes, Obama, McCain, healthcare rebate TRANSCRIPT: HOLTZ-EAKIN: in all the key battleground states were competitive and closing. Theres a good reason why, if you look at where America is right now and you look at what failed us [Obama] wants to bring big tax dollars into Washington, wants to pour taxpayers money into banks on Wall St. Those are a recipe for failure. Hes saying oh, it will be fine, trust me. Well it wasnt fine on Wall Street and it wont be fine with Barack Obama. [] [tax figures from Tax Policy Center for Obamas tax plan] [] Its gonna be small solace when they dont have a job and thats the great Achilles heel of the Obama plan bottom line is the Barack Obama campaign is dead set on raising somebodys taxes no matter what and the question is why. And the answer is, despite the fact that its going to hurt economic growth, despite the fact that weve seen that it will hurt people with disabilities who have special needs trusts, despite the fact that its gonna raise the marriage tax and bring it back into the tax code, theyre gonna do it for the purposes of redistribution and redistribution alone. [] [McCains proposed healthcare tax rebate, which would also give money to people who dont pay taxes] is a reform of existing tax subsidy which has been very unfair in that it favored only one kind of insurance and gave more to rich people McCains reforms simply make an existing policy more fair, gives anyone who gets private insurance some help and the same amount whether youre rich or poor. And its not like writing checks to people, this is about getting healthcare. LABEL: DHE JM MSNBC 10-28-08 14.05 (MS#58) I

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YouTube | October 28, 2008

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