Obama’s Tax Policies Socialism
John McCain on Saturday kept up his attacks on Barack Obama’s tax policies, saying that he would turn the IRS into a giant welfare agency and likened his economic plan to socialism.
“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 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.