Obama sees spending plan delays, but middle-class tax cuts may be OK

WASHINGTON (AP) -- Barack Obama says the 700 billion-dollar government bailout would probably delay his proposed spending program, but its effect on his tax plan is unclear.

Obama isn't abandoning his spending plan for programs he considers important, but says now he would probably "have to phase it in."

In an NBC interview today, the Democratic presidential candidate made no reference to the bailout's impact on his proposal to cut taxes for most taxpayers and increase them for the wealthiest Americans. On Friday, he said the financial rescue plan would not keep him from pushing for the middle-class tax cuts, a central proposal in his campaign.

He says tax revenues will play a role in any budget decisions.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

You must be logged in to post comments.

Password (case sensitive):
Remember Me:


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2016 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 29626249 - local8now.com/a?a=29626249
Gray Television, Inc.