The video for this story is not available, but you can still read the transcript below.
No image

McCain Fights for Ohio as Obama Returns to Iowa, Ind.

Sen. John McCain spent a second consecutive day in Ohio Friday talking about his economic plans as Sen. Barack Obama swept through Iowa and Indiana clarifying his own tax plan. Ray Suarez has the latest from the campaign trail.

Read the Full Transcript

Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors.

  • RAY SUAREZ:

    John McCain told supporters in Hanoverton, Ohio, this morning that they were the key to his chances of winning next Tuesday.

  • SEN. JOHN MCCAIN (R-Ariz.):

    My friends, it's great to be back. It's great to spend time here in the heartland of America. And, again, I want to tell you, the enthusiasm and the momentum that I feel here in Ohio is going to carry us to victory here in Ohio and throughout the country. This kind of enthusiasm…

  • RAY SUAREZ:

    McCain also kept up his attacks on Barack Obama's tax plan.

  • SEN. JOHN MCCAIN:

    You know, he's made a lot of promises. First, he said people making less than $250,000 would benefit. Then this weekend, he announced in an ad, if you're a family making less than $200,000, you'll benefit.

    This week, the gift that keeps on giving, Senator Biden, said tax relief should only go to middle-class people, people making under $150,000 — get a glimpse of where we're going, my friends? It's fascinating how the liberal left's definition of rich has a way of creeping down.

  • RAY SUAREZ:

    McCain then took aim at Democrats in general for what he described as attempts by the party to scare voters about McCain's plans for Social Security and Medicare. At the same time, the Arizona senator alleged Democrats in Congress were looking to tax retirement contributions.

  • SEN. JOHN MCCAIN:

    Thanks to Speaker Pelosi, Harry Reid, and Barney Frank, we know this Democrat Congress… we know it's planning all sorts of new taxes. This week, we're hearing they want to tax your 401(k) contributions.

    This is a time when we need to encourage more investing, not tax it. We need to protect people's retirement, not endanger it. Now, here's what's going on.

    Now, here's what's going on. It's Halloween. So what do the Democrats do? Every four years, they run out and they try to scare seniors by saying that Republicans are going to take away their Social Security or we're going to take away Medicare. They do it every four years.

    And, my friends, our Americans have wised up. I'm going to protect Social Security. I'm going to protect Medicare. And I'm not going to let this Congress tax away your retirement savings.