TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Sunday, August 24, 2008

Obama & Biden on Taxes

Here are the tax references in the speeches by Barack Obam and Joe Biden in their joint appearance yesterday in Springfield, IL

Obama:  That's what it's going to take to win the fight for good jobs that let people live their dreams, a tax code that rewards work instead of wealth, and health care that is affordable and accessible for every American family.

Biden:  We cannot afford to keep giving tax cuts after tax cuts to big corporations and the wealthiest Americans while the middle class America, middle class families are falling behind and their wages are actually shrinking. ... You can’t change America and give our workers a fighting chance when after 3 million manufacturing jobs disappear, you continue to support tax breaks for companies who ship our jobs overseas.

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Comments

Sen. Biden fails to mention that by keeping corporate taxes too high or, as he suggests, raising them even more, we are incentivizing more companies to leave and take their jobs with them.

Posted by: David Adams | Aug 24, 2008 11:06:20 AM