Republican Presidential nominee John McCain wants a summer break, calling on the government to suspend all federal gasoline taxes from Memorial to Labor Day.
Senator John McCain, (R) Arizona: "The effect will be an immediate economic stimulus, taking a few dollars off the price of a tank of gas every time a family, a farmer, or trucker stops to fill up."
In a Tax-Day economic speech, McCain says he wants to reform the federal tax code, remove corporate tax loopholes, and cut taxes for businesses and middle income earners, including a "phaseout" of the "alternative minimum tax." McCain also criticized his Democratic rivals, claiming they would raise taxes.
Senator McCain: "All the tax increases are the fine print under the slogan of "hope." They're going to raise taxes by thousands of dollars per year, and they have the audacity to hope you don't mind."
Senator Barack Obama fired back.
Senator Barack Obama, (D) Illinois: "John McCain seems to think that the Bush years have been pretty good. In fact, he's running for a third Bush term. He is offering more of the same."
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