SCHIEFFER: So what do you make of Senator Obama's tax plan?
MCCAIN: Well, Bob, he's throwing a lot of numbers around and I'm not sure [shrugs] where he gets them. He says 95% of working people would get a tax cut. I'm not sure how you do that when there aren't 95% of the working people in this country that even pay any federal income taxes. Only 60% of workers pay income taxes. He's going to cut taxes that aren't paid? Puzzling. [leans forward with clever grin] I suppose he's talking about this $1000 check that he's going to give away. My friends, if you haven't paid the thousand dollars to begin with then it's not really your money that's coming back to you is it? No, it's someone else's. Senator Obama is trying to redefine welfare as a tax cut. And as for raising taxes on [hold up fingers for quote marks] 'the rich,' why would you want to do that? Why--
OBAMA: Because they can afford it.
MCCAIN: [looks askance across the table] would you... Please, is that the only reason? This is why I say that his plan is just Marxist ideology wrapped up in a pretty speech. If you want more revenue in the Treasury then you cut taxes for all taxpayers. That brings in more revenue. It's happened every time, under Kennedy, under Reagan, and under Bush. If you want more revenue then you cut taxes. [points across table] But what he won't tell you is that it's not about revenue. It's about class warfare and getting votes by telling some people that he's going to stick it to another group of people. And in the final analysis, there was another Democrat presidential candidate who promised a middle class tax cut. Then he got elected and suddenly it was a different story. Not only was there no cut, he raised their taxes. So Senator Obama can say he's going to cut taxes until he's blue in the face but frankly, I don't believe him. But I will gladly yield the balance of my time to the distinguished gentleman so he can explain how he's going to cut the taxes of people who don't pay them.
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