Advertisement

Obama: Middle-class tax cuts a 'priority'

Democratic presidential candidate Barack Obama talk to supporters about health insurance in Irvine Park in Beaver, Pennsylvania on August 29, 2008 (UPI Photo/Stephen Gross)
Democratic presidential candidate Barack Obama talk to supporters about health insurance in Irvine Park in Beaver, Pennsylvania on August 29, 2008 (UPI Photo/Stephen Gross) | License Photo

WASHINGTON, Sept. 7 (UPI) -- Democratic presidential nominee Barack Obama said Sunday the U.S. economy was "fragile" and he would press for middle-class tax cuts if elected.

Speaking on the ABC News program "This Week with George Stephanopoulos," Obama said middle-class tax relief was his "priority." He said he might put off allowing President George W. Bush's tax cuts for wealthy Americans to expire because such a move might hurt the economy.

Advertisement

"The economy is weak right now," he said. "The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers indicates that we're fragile.

"I want to accelerate those (middle-class) tax cuts through a second stimulus package ... and then we're going to have to re-evaluate at the beginning of the year to see what kind of hole we're in" before deciding on any upper-class tax increases.

Obama said he believed the presidential campaign should not be reduced to a "resume contest."

After noting he served on the Senate Foreign Relations Committee, headed by running-mate Joe Biden of Delaware, the Illinois senator said he would "be happy to have a substantive debate with John McCain about foreign policy."

Advertisement

"This whole resume contest that's been going back and forth is not what the American people are looking for," he said.

Latest Headlines