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Obama Talks Taxes, Trade at N.H. High School
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Obama Talks Taxes, Trade at N.H. High School

Election 2008

Obama Talks Taxes, Trade at N.H. High School

Obama Talks Taxes, Trade at N.H. High School
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  • Transcript

Quickly approaching the Iowa caucuses next month, we're listening in on presidential candidates along the campaign trail. Today we hear from Democratic presidential hopeful Barack Obama, who spoke at a high school late last month in Alton, N.H.

MELISSA BLOCK, host:

Throughout the election season, we're hearing parts of stump speeches from the candidates of both parties. Today, we'll hear from Democrat Barack Obama. This was recorded late last month at Prospect Mountain High School in Alton, New Hampshire.

Senator BARACK OBAMA (Democrat, Illinois; Democratic Presidential Candidate): I'm impatient with those who say that we inevitably have to have a divide between the rich and poor, that we can't have balance in our economy, that we can't compete in the global arena. As president, I will take away tax breaks to companies that ship jobs overseas, and we will take those tax breaks and give them to companies that invest right here in the United States of America and put those tax breaks in the pockets of hardworking Americans that deserve them.

(Soundbite of applause)

Sen. OBAMA: We're going to change our tax code. So instead of tax breaks going to folks with tax havens in the Cayman Islands and offshore, we're going to give those tax breaks to senior citizens who make less than $50,000 a year, so they don't have to pay income tax on their Social Security income. And we'll give tax breaks to offset the payroll tax for people who really need it. I won't raise the minimum wage every 10 years. We'll raise its key pace with inflation, so American workers don't fall further and further behind.

We'll have trade deals that have labor agreements and environmental agreements, so that we're not undermining the position of U.S. workers. Those are things that we can do if we're working together. I believe it.

(Soundbite of applause)

Sen. OBAMA: I don't accept that we have to keep on sending $800 million a day to hostile nations because we're addicted to their oil. And we end up melting the polar ice caps in the bargain. You know, if we increase fuel efficiency standards on cars to 40 miles per gallon, we would save the equivalent of all the oil we import from the Persian Gulf. Imagine what that would do, not just for our economy, but for our environment and for our national security.

BLOCK: That was Illinois Senator Barack Obama on the stump in Alton, New Hampshire.

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