Barack Obama is fighting back against John McCain's attacks on taxes.
Obama's latest ad, released today, focuses solely on the issue, claiming that Obama's tax plan would do more to lessen middle class taxes than McCain's.
McCain has repeatedly blasted Obama on middle class taxes, accusing Obama of voting to raise taxes on individuals making $42,000. McCain's campaign has cited Obama's vote for a budget resolution that, according to FactCheck.org, would have raised taxes on individuals making as little as $41,500 by allowing President Bush's tax cuts to expire.
Obama's new ad will start airing today in Colorado, Michigan, Missouri, New Hampshire, Ohio, Pennsylvania, Wisconsin, and Virginia, according to the campaign.
Douglas Holtz-Eaken and Gary Gensler - the top advisers for presidential nominees John McCain and Barack Obama respectively - will spar over economic policy September 15 at the National Association of Federal Credit Unions (NAFCU) 34th Annual Congressional Caucus Luncheon.
"We are delighted to host Holtz-Eakin and Gensler at NAFCU's Congressional Caucus," NAFCU President Fred R. Becker said in a statement.
"The upcoming presidential election and the economy are of top interest for everyone this year, so we are very pleased to be able to offer Caucus attendees the chance to hear the presumptive presidential candidates' economic platforms firsthand. Their discussion promises to be a lively one with an opportunity for questions from the audience."
Fifteen member of Congress will also address the caucus, which runs Sept. 14 to 17.
Senate candidate and former Congressman Jim Slattery (D-Kan.) told campaign blogger Senate Guru in an interview Thursday that the Bush administration has engaged in
Barack Obama called reports of record profits for Exxon Mobil "outrageous" Thursday, attacking John McCain for proposing addition tax breaks for oil companies.
"Perhaps the only thing more outrageous than Exxon Mobil making record profits while Americans are paying record prices at the pump is the fact that Senator McCain has proposed giving them an additional $1.2 billion tax break ," Obama said.
"While Senator McCain's plan has succeeded in helping his campaign raise over $1 million from oil and gas company executives and employees just last month, it won
John McCain's newest television ad, released today and set to air on national cable, blames Barack Obama for rising gas prices.
A narrator accuses Democrats of "saying no" to lower costs by opposing more offshore oil drilling, then tells viewers they have Obama to thank for higher prices at the pump.
McCain, President Bush, and congressional Republicans have pushed for more offshore drilling. Some drilling already occurs, though the federal government does not give out new leases, per a congressional moratorium.
Obama and Democrats oppose new offshore drilling. See the ad below:
Hip hop musician Will.i.am is looking to do the same for Al Gore and climate change as he did for Barack Obama, hoping to recreate the popularity of his Obama-inspired Youtube video "Yes We Can" for Gore. The Obama video was viewed by millions and has frequently been played before Obama events on the campaign trail.
"It's taking that message that he has and translating it to random, regular people who work at Starbucks, who work at Target, who work at the gas station -- the workers and the people who got laid off from work that aren
John McCain emailed supporters a link to a ten-minute video today. In it Doug Holtz-Eakin, a senior economic adviser to McCain's campaign, outlines McCain's economic plan.
In the video, Holtz-Eakin plugs the McCain economic plan as "jobs in small businesses; jobs that have, clean cheaper energy; jobs that have healthcare, but not at an expense you can't afford; and jobs that sell their products around the globe and provide prosperity for our future."
Holtz-Eakin outlines McCain's proposals for less domestic spending, a balanced budget by 2013, $5,ooo tax credits for health insurance and the purchase of low-emissions cars, a lower corporate tax rate of 25 percent, larger tax breaks for dependents, and free trade agreements.
The Iraq war is to blame for high gas prices as its cost has weakened the dollar and driven oil speculation, Sen. Claire McCaskill (D-Mo.), a national co-chair of Barack Obama's presidential campaign, said today.
"We cannot economically afford to keep borrowing two to three billion dollars a week from China," McCaskill said on MSNBC. "That's why gas prices are so high. People are speculating in commodities because nobody wants to go near our dollar. We cannot--it is unsustainable to continue to prop up, in the middle of a civil war, an Iraqi government that will not step up and do what they need to do."
McCaskill appeared on MSNBC this afternoon to discuss Obama's planned trip to Iraq and Afghanistan. McCaskill is a national co-chair of Obama's campaign. When host Monica Novotny pressed McCaskill on Obama's plan to withdraw from Iraq despite recent security gains, McCaskill pushed back by saying the war's cost is unsustainable.
"If you can't leave Iraq when it's stable and you can't leave Iraq when it's not stable, that means that we're stuck with George Bush and John McCain--we can never leave Iraq," McCaskill said. See the video below.
At an event steeped in presidential politics, Sens. Dick Durbin (D-Ill.), Robert Casey (D-Pa.) and Amy Klobuchar (D-Minn.) on Thursday touted a report that said GOP presidential contender John McCain
In a recent interview with Fortune Magazine, John McCain listed Islamic extremism as the greatest threat to the U.S. economy.
When asked about the "gravest long-term threat to the U.S. economy" by Fortune Editor at Large David Whitford, McCain replied, "Well, I would think that the absolute gravest threat is the struggle that we're in against radical Islamic extremism, which can affect, if they prevail, our very existence. Another successful attack on the United States of America could have devastating consequences."
The Fortune piece suggests McCain tries to tie national security to issues more prominent in voters' minds -- like the economy and the war in Iraq -- because those issues are problematic for him.
"When the topic is economics, the same fire isn't there--at least not yet," Whitford writes in the piece.
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