Biden defends Obama tax-cut plan

October 19, 2008 6:02:56 PM PDT
Democratic vice presidential candidate Joe Biden said Sunday that a Barack Obama administration would help the middle class by cutting its taxes, answering Republican claims that Obama's plan represented redistribution of wealth.Republican presidential candidate John McCain on Saturday likened Obama to the socialist leaders of Europe, saying the Democrat wanted to "convert the IRS into a giant welfare agency, redistributing massive amounts of wealth at the direction of politicians in Washington."

In response, Biden on Sunday repeatedly linked McCain to President Bush's tax policies, saying that the wealthy and big corporations have received millions of dollars in tax cuts that could have gone to the middle class and small businesses.

"It's not just because it's fair, it's what makes the economy go. The rich do fine when the middle class is going," Biden said.

"John McCain has been a party to the most significant redistribution of wealth in American history and it has been all the wrong way," he said. "There's not one fundamental economic issue that John McCain disagrees with George Bush on."

Biden noted Sunday's endorsement of Obama from former Secretary of State Colin Powell, and said there should be "no more questions" about his running mate's ability to lead the country.

"Barack Obama will be a commander in chief we can all respect," Biden said

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