During his speech,presumptive democratic nominee, Sen. Barack Obama, told the audience he plans to institute a $1,000 tax cut to 95 percent of workers in the country and eliminate income tax for low income retirees--all funded in part with the tax cuts intended for big oil.
Obama said Sen. John McCain is in favor of a $1.2 billion tax cut for Exxon Mobile.
"At a time when we're fighting two wars, when millions of Americans can't afford their medical bills or their tuition bills, when we're paying more than $4 a gallon for gas, the man who rails against government spending wants to spend $1.2 billion on a tax break for Exxon Mobil," Obama said. "That isn't just irresponsible. It's outrageous."
Obama also said he plans to institute a credit card bill of rights with a five star rating system so that consumers can rate the savings between card offers themselves.
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