George Bush cut taxes for the wealthiest Americans and McCain wants to do the same.
Article 1, Section 8 reads as follows:
Section 8. The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;
To establish a uniform rule of naturalization, and uniform laws on the subject of bankruptcies throughout the United States;
To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
To provide for the punishment of counterfeiting the securities and current coin of the United States;
Taxes are also further addressed in the XVI Amendment (note: Amendments are part of the Constitution):
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration.
Simply, Congress sets tax law. Congress sets bankruptcy law. The President did not cut anyone's taxes. The Obama cannot cut taxes for 80% of us, Bush did not cut the taxes of the wealthy. The President did not set banking laws that have allowed the current financial/banking/mortgage crisis. If you believe otherwise, you are a complete and total dumbass. This is a theme I will be using often for this series. To better prepare yourself I recommend a serious reading of the Constitution.
I can anticipate your next objection, that the Republican Congress passed the Bush proposed tax cuts for the wealthy. According to the IRS the top 1% of income earners payed 36.3% of all taxes in 2000, the last year Democrats controlled the Presidency. In 2005 (the last year available) under a Republican President and Republican Congress the top 1% paid 38.42% of the taxes. I guess the rich did not get the tax breaks after all. The same increase can be seen on the top 5%, 10%. 25% and 50% of wage earners. If you believe the top 50% of wage earners are the wealthy, rest assured they paid a larger share under Bush and the Republican Congress than they did under Clinton (98.01% vs.98.63%). For the record, the top 50% of wage earners made around $30K or more. Are you rich if you made 30K?