McCain Stresses Bipartisanship
By Michael D. Shear
INDEPENDENCE, Mo. -- Declaring that "if we fail to act, the gears of our economy will grind to a halt," Sen. John McCain praised a new spirit of bipartisanship that he said will carry the financial sector rescue package to passage.
Speaking at the Harry S. Truman Library here, McCain said that Congress has "awakened to the danger" of financial collapse if the bill is not passed, and he predicted that the new version of the measure will be acceptable to members.
"If the financial rescue bill fails in Congress yet again, the present crisis will turn into a disaster," he said. "But in the case of this bill, I am confident there are enough people of good will in both parties to see America through this crisis. And when the last vote is
cast, we can be grateful to all of them -- Democrats and Republicans alike -- for helping to solve the crisis instead of merely exploiting it."
McCain plans to fly back to Washington this afternoon to be at Capitol Hill in time for the expected vote in the Senate on the modified bailout bill this evening.
McCain also used his speech to highlight his economic proposals, stressing that his call for business and individual tax cuts will help spur long-term improvement in the country's economic future.
"Keeping taxes low helps small businesses grow and create new jobs," he said. "Cutting the second highest business tax rate in the world will help American companies compete and keep our best jobs from moving overseas. Doubling the child tax exemption will improve the lives of millions of American families."
McCain also repeated his promises for a spending freeze on most programs and an increase in oil drilling and construction of nuclear power plans.
But in a speech that was notable because he did not once mention Sen. Barack Obama's name, McCain repeatedly returned to the need for bipartisan cooperation in Washington to confront the nation's biggest problems.
"Instead of rejecting good ideas because we didn't think of them first, let's use the best ideas from both sides," he said.
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