MCCAIN (2007-2008): "We need to make the Bush tax cuts [the disproportional amount of Bush tax cuts goes to the wealthiest Americans] permanent." (Source/Video)
OBAMA: "The choice in this election isn't between tax cuts and no tax cuts. It's about whether you believe we should only reward wealth, or whether we should also reward the work and workers who create it. I will give a tax break to 95% of Americans who work every day and get taxes taken out of their paychecks every week. I'll eliminate income taxes for seniors making under $50,000 and give homeowners and working parents more of a break. And I'll help pay for this by asking the folks who are making more than $250,000 a year to go back to the tax rate they were paying in the 1990s [from the top tax rate of 36% to 39%].
No matter what Senator McCain may claim, here are the facts - if you make under $250,000, you will not see your taxes increase by a single dime - not your income taxes, not your payroll taxes, not your capital gains taxes. Nothing. Because the last thing we should do in this economy is raise taxes on the middle-class."
Carolina, October 29, 2008)
McCain has been bashing Obama as a "socialist" for progressive taxation (or as Obama put it, "spreading the wealth"). But before McCain morphed into Bush, he also used to say that the rich should pay more taxes.
AUDIENCE MEMBER: "Why is it that someone like my father who goes to school for 13 years gets penalized in a huge tax bracket because he's a doctor."
MCCAIN (2000): "I think it's to some degree because we feel obviously that wealthy people can afford more."
AUDIENCE MEMBER: "Are we getting closer and closer to, like, socialism?"
MCCAIN (2000): "Here's what I really believe: That when you reach a certain level of comfort, there's nothing wrong with paying somewhat more." (Source/Video)
WARREN BUFFET: "Frankly, an economy where my receptionist pays a lot higher tax rate than, than I do does not strike me as a just economy." (Source/Video)
JAMES MADISON: "... the public good, the real welfare of the great body of the people, is the supreme object to be pursued; and that no form of government whatever has any other value than as it may be fitted for the attainment of this object." (Federalist 45: James Madison)
THOMAS JEFFERSON: "Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise." (Thomas Jefferson to James Madison, 1785. ME 19:18, Papers 8:682)
"Taxes should be proportioned to what may be annually spared by the individual." (Thomas Jefferson to James Madison, 1784. FE 4:15, Papers 7:557)