Obama: Middle-Class Tax Cuts a 'Priority'
Posted on: Monday, 8 September 2008, 14:30 CDT
Democratic presidential nominee Barack Obama said Sunday the U.S. economy was "fragile" and he would press for middle-class tax cuts if elected.
Speaking on the ABC News program "This Week with George Stephanopoulos," Obama said middle-class tax relief was his "priority." He said he might put off allowing President George W. Bush's tax cuts for wealthy Americans to expire because such a move might hurt the economy.
"The economy is weak right now," he said. "The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers indicates that we're fragile.
"I want to accelerate those (middle-class) tax cuts through a second stimulus package ... and then we're going to have to re-evaluate at the beginning of the year to see what kind of hole we're in" before deciding on any upper-class tax increases.
Obama said he believed the presidential campaign should not be reduced to a "resume contest."
After noting he served on the Senate Foreign Relations Committee, headed by running-mate Joe Biden of Delaware, the Illinois senator said he would "be happy to have a substantive debate with John McCain about foreign policy."
"This whole resume contest that's been going back and forth is not what the American people are looking for," he said.
Source: United Press International
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