McCain campaign fires back at Obama

Sen. Barack Obama (D-Ill.) has shifted his position on taxes to win the hearts of American people, when in reality he has voted 94 times to raise taxes, according to Carly Fiorina, the former CEO of Hewlett Packard. The McCain campaign held a teleconference with Fiorina and others in response to statements from the Obama campaign which said the Illinois senator would reduce taxes on the American people.

Fiorina said that Obama would institute $863 billion dollars in new spending programs if elected president. In addition, she said Obama has asked for nearly $1 billion in earmarks. Fiorina concluded by saying that the top five percent of wealthiest Americans will see the bulk of tax increases.

John Taylor, a Professor of Economics at Stanford University, said that with an economic recession looming, now is not the time to raise taxes on the Americans. He also said that McCain's primary economic focus is about creating jobs for the American people. Taylor agreed with Fiorina that Obama has shifted his position a number of times in order to earn more votes.