McClatchy: McCain defends NAFTA, tax cuts in slamming Obama's plans

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McCain defends NAFTA, tax cuts in slamming Obama's plans
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By William Douglas and Margaret Talev | McClatchy Newspapers



WASHINGTON — Presumptive Republican Presidential candidate John McCain blasted Democratic rival Barack Obama's economic policies on Tuesday, calling them bad for small business and American families.

While outlining his own economic plans to the National Federation of Independent Business, which represents small businesses, McCain criticized Obama for vowing to renegotiate provisions of the North America Free Trade Agreement, proposing a tax increase for Americans making over $250,000 and for advocating a greater government role in the nation's health care system.

"No matter which of us wins in November, there will be change in Washington," McCain said. "The question is what kind of change? Will we enact the single largest tax increase since the Second World War, as my opponent proposes, or will we keep taxes low for families and employers?"

Obama's campaign accused McCain of distorting the Illinois senator's proposals. Jason Furman, Obama's economic policy director, acknowledged that taxes would increase somewhat for families with annual incomes of more than $250,000.

But he added: "You're talking about less than two percent of the population" and said those impacted still would feel less of a tax burden than during the Clinton administration.

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