McCain Not For Helping The Middle Class
John McCain Is A Corporation’s ‘Worst Nightmare’
October 08, 2008, Think Progress:
This morning on MSNBC, Nicolle Wallace, Sen. John McCain’s (R-AZ) senior campaign adviser, falsely claimed that McCain “isn’t for giving tax cuts to corporations,” adding that “John McCain is their worst nightmare.”
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Not only is Wallace wrong in claiming that McCain does not favor cutting corporations’ taxes but she’s also way off the mark in saying he’s their “worst nightmare.” In fact, the richest 200 American corporations stand to benefit handsomely ($45 billion) from a McCain administration.
McCain’s plan would dole out $4 billion a year to Big Oil (despite the numerous campaign claims to the contrary), $2 billion to health insurance companies and $1.44 billion to the parent companies of mainstream media outlets. Eight companies — Wal-Mart Stores Inc., Exxon Mobil Corp., ConocoPhillips Co., Bank of America Corp., AT&T, Berkshire Hathaway Inc., JPMorgan Chase & Co., and Microsoft Corp. — would each receive over $1 billion a year.
But if McCain is a corporation’s “worst nightmare,” then his campaign sure has everyone fooled, including the richest CEOs, who have given approximately 10 times as much to McCain as they have to Sen. Barack Obama (D-IL).
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