KING: You don't believe Barack Obama is a socialist, do you?
MCCAIN: No. But, I do believe -- I do believe that he's been in the far left of American politics. He has stated time after time that he believes in "spreading the wealth around." He's talked about courts that would redistribute the wealth.
He has a record of voting against tax cuts and for tax increases. And I don't think there's any doubt that he would increase spending and he would, sooner or later, we would be increasing taxes. There is no doubt in my mind that that's what his record -- 94 times he voted to cut taxes -- against tax cuts and for tax increases. He voted for -- and that's what matters. Not rhetoric. To raise taxes on individuals making $42,000 a year.
KING: Concerning spreading the wealth, isn't the graduated income tax spreading the wealth? If you and I paid more so that Jimmy can get some for him, or pay for a welfare recipient, that's spreading the wealth.
MCCAIN: Well, that's spreading the wealth in the respect that we do have a graduated income tax. That's a far cry from taking from one group of Americans and giving to another. I mean, that's dramatically different.
Sen. Obama clearly has talked about for years, redistributive policies. And that's not the way we create wealth in America. That's not the way we grow our economy. That's not the way we create jobs.
It can speak the truth, I'm very amazed.
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