McCain throws plumber at Obama in final debate
(Page 2 of 3)
"And ... I will not stand for a tax increase on small business income," he continued. "Fifty percent of small business income taxes are paid by small businesses. That's 16 million jobs in America. And what you [Obama] want to do to Joe the plumber and millions more like him is have their taxes increased and not be able to realize the American dream of owning their own business."Skip to next paragraph
As Iowa's Kent Sorenson jumps to Ron Paul ship, rat analogies abound
Could Romney 'train' be derailed by Gingrich? Perry? Someone new?
Virginia primary: Was it so hard for Perry and Gingrich to get on the ballot?
Donald Trump as third-party candidate: Will he woo Americans Elect?
Ron Paul: why racist newsletter flap could hurt him in Iowa
Subscribe Today to the Monitor
McCain didn't stop there. In fact, as our friend Andy Malcolm at the LA Times notes, Joe came up 26 times last night. Mostly by McCain.
Who's the moderator?
"That's what Joe believes," McCain said stepping on Obama.
When McCain allowed Obama to speak on the issue, he - not surpringly - had a different recollection of the conversation: "What I essentially said to him was, 'Five years ago, when you were in a position to buy your business, you needed a tax cut then.'
"And what I want to do is to make sure that the plumber, the nurse, the firefighter, the teacher, the young entrepreneur who doesn't yet have money, I want to give them a tax break now. And that requires us to make some important choices."
"Not only do 98 percent of small businesses make less than $250,000, but I also want to give them additional tax breaks, because they are the drivers of the economy," he continued. "They produce the most jobs."
McCain wasn't done. In his mind the issue of spreading the wealth around was "class warfare." McCain questioned the idea of raising taxes now in light of the current economic situation.
"Why would you want to increase anybody's taxes right now?" McCain asked. "Why would you want to do that, anyone, anyone in America, when we have such a tough time, when these small business people, like Joe the plumber, are going to create jobs, unless you take that money from him and spread the wealth around."
Tax cuts for most
Obama countered that under his plan he would cut taxes for 95 percent of Americans. "Now, it is true that my friend and supporter, Warren Buffett, for example, could afford to pay a little more in taxes in order..."
Then McCain decided to play the role of moderator by injecting, "We're talking about Joe the plumber..."
To which Obama continued, "...in order to give additional tax cuts to Joe the plumber before he was at the point where he could make $250,000."
Obama mentioned Exxon Mobil as a company that could afford to pay more taxes. Obama said the oil giant made record profits of more than $12 billion over the past few quarters.