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McCain: President's jobs plan is a 'campaign ploy'

Sen. John McCain (R-Ariz.) said President Obama's deficit-reduction proposal and jobs plan are a "campaign ploy."

"When the president gave his speech to the Congress the other night, the key phrase was 'I will go to all four corners of America in this effort,' because it's clear that it's now a campaign ploy," said McCain on Fox News's "On the Record with Greta Van Susteren" Tuesday.

McCain said there are Democratic senators running for reelection in 2012 he believes are nervous about fully supporting the president's proposal.

"I look forward to the announcement that Mr. Buffett will send a billion-dollar check to the Treasury because I know of nothing that would keep him from doing so," he added in reference to the proposed "Buffett rule," named for the billionaire investor that has called for raising taxes on the wealthy.

"It's obvious that this bash-the-rich, class-warfare kind of thing ... has not worked in the past, and I don't think it's working now," he said.

McCain called for a moratorium on regulations, closure of tax loopholes and cutting of the corporate tax rate, saying he believes these measures would give confidence to businesses and increase hiring.