elections

Final Debate: Domestic and Economic Policies

During the debate repeated references were made to Joe Wurzelbacher, aka "Joe the Plumber". Wurzelbacher had spoken with Obama while he was campaigning in Holland, Ohio. Wurzelbacher complained that Obama's tax policy would make it difficult for him to expand his business and hire more employees if he bought the business at which he had been employed as a plumber. Obama gave a five-minute response where he said "under his proposal taxes on any revenue from $250,000 on down would stay the same, but that amounts above that level would be subject to a 39 percent tax, instead of the current 36 percent rate", and that his plan includes a 50 percent small-business tax credit for health care and a proposal to eliminate the capital-gains tax for small businesses that increase in value. In an interview the day after the debate, Wurzelbacher said Obama's tax plan wouldn't affect him right now, because he doesn't make $250,000. He also indicated to reporters that he was a conservative, a fan of the military and McCain. He said meeting McCain would be an honor but said he hadn't been contacted by the Republican campaign.

Release Date (USA): October 15, 2008