Palin criticizes Obama on taxes

COLORADO SPRINGS, Colo. (AP) -- Sarah Palin is telling supporters in Colorado that Barack Obama would not only raise their taxes if he's elected, but he'd also spend the money in a way that could hurt the economy.

She says, "What that means is government taking your money and spreading it out wherever politicians see fit." And that, she argues, is "not good for the economy."

Palin also drew loud cheers by touting John McCain's war record, his service in the Senate, and his promise to help small businesses.

She told the crowd that Obama "claims that he will cut income taxes for 95 percent of Americans," but she added that 40 percent already pay no taxes -- and she asked, "how do you cut income taxes for people who don't pay them?"

Obama has said his 95 percent figure refers to "working Americans."

One woman who attended Palin's rally says while she "didn't hear anything brand new," she did "hear again" what she wanted to hear.

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

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