Earlier this week, when Wurzelbacher got a chance to speak with Obama when the candidate visited Toledo, he told Obama that his tax plan would keep him from buying the business that currently employs him.
. . . .
McCain then looked directly into the TV camera and said: "Joe, I want to tell you, I'll not only help you buy that business that you worked your whole life for and I'll keep your taxes low and I'll provide available and affordable health care for you and your employees. And I will not stand for a tax increase on small business income."
. . . .
"Not only do 98 percent of small businesses make less than $250,000, but I also want to give them additional tax breaks, because they are the drivers of the economy," Obama said. "They produce the most jobs."
. . . .
In Toledo on Sunday, Wurzelbacher told Obama that he was preparing the company, which earns more than $250,000 a year, and said: "Your new tax plan is going to tax me more, isn't it?"
Obama said that under his proposal taxes on any revenue from $250,000 on down would stay the same, but that amounts above that level would be subject to a 39 percent tax, instead of the current 36 percent rate.
"And the reason why we're doing that is because 95 percent of small businesses make less than 250 (thousand). So what I want to do is give them a tax cut. I want to give all these folks who are bus drivers, teachers, auto workers who make less, I want to give them a tax cut," he said.
. . . .