McCain Camp Response to Obama's Remarks on Bankruptcy

Please see our campaign's response to Barack Obama's event in Georgia today.  During Senator Obama's event he took aim at the bipartisan 2005 Senate Bankruptcy Bill, which Obama opposed on partisan grounds, but many of his hi-profile supporters voted for the bipartisan bill:

“Eighteen Democrats and John McCain worked together on the bipartisan Senate Bankruptcy Bill, and Barack Obama's rigid partisanship and self-promoting political attacks show that he's a typical politician – which is the problem in Washington, not the solution.  The difference is clear, John McCain wants to grow jobs, keep Americans working and out of bankruptcy, while Barack Obama has shown he'll tax job creating small businesses and Americans making as little as $32,000 a year.” ---Tucker Bounds, spokesman John McCain 2008

The 2005 Bankruptcy Legislation Overwhelmingly Passed The Senate With Democratic Support. (S. 256, CQ Vote # 44: Passed 74-25: R 55-0; D 18-25; I 1-0, 3/10/05)

The Following Democratic Senators Voted In Favor Of The Bill: Sen. Max Baucus (D-MT), Sen. Evan Bayh (D-IN), Sen. Joe Biden (D-DE), Sen. Jeff Bingaman (D-NM), Sen. Robert Byrd (D-WV), Sen. Thomas Carper (D-DE), Sen. Kent Conrad (D-ND), Sen. Daniel Inouye (D-HI), Sen. Tim Johnson (D-SD), Sen. Herb Kohl (D-WI), Sen. Mary Landrieu (D-LA), Sen. Blanche Lincoln (D-AR), Sen. Ben Nelson (D-NE), Sen. Bill Nelson (D-FL), Sen. Mark Pryor (D-AR), Sen. Harry Reid (D-NV), Sen. Ken Salazar (D-CO), Sen. Debbie Stabenow (D-MI) (S. 256, CQ Vote # 44: Passed 74-25: R 55-0; D 18-25; I 1-0, 3/10/05)

The Bill Was Signed Into Law On April 20, 2005. (The Library Of Congress Website, www.thomas.gov <http://www.thomas.gov/cgi-bin/bdquery/z?d109:SN00256:@@@R> , Accessed 7/8/08)

Barack Obama Voted In Favor Of The Democrats' FY 2009 Budget, Which Would Raise Tax Rates For Americans Earning As Little As $31,850:

Obama Voted Twice In Favor Of The Democrats' FY 2009 Budget Resolution. (S. Con. Res. 70, CQ Vote #85, Adopted 51-44: R 2-43; D 47-1; I 2-0, 3/14/08, Obama Voted Yea; S. Con. Res. 70, CQ Vote #142: Adopted 48- 45: R 2- 44; D 44- 1; I 2-0, 6/4/08, Obama Voted Yea)

The Democrats' Budget Would Raise Taxes On Individuals Earning As Little As $31,850. "Under both Democratic plans, tax rates would increase by 3 percentage points for each of the 25 percent, 28 percent and 33 percent brackets. At present, the 25 percent bracket begins at $31,850 for individuals and $63,700 for married couples. The 35 percent bracket on incomes over $349,700 would jump to 39.6 percent." (Andrew Taylor, "Presidential Hopefuls To Vote On Budget," The Associated Press, 3/13/08)