MELISSA BLOCK, host: When John McCain spoke to small-business owners today, he admitted he was not one of them.</s>MELISSA BLOCK, host: Senator JOHN McCAIN (Republican, Arizona): You know, I've never run a small, struggling enterprise, unless you count my presidential campaign last year.</s>MELISSA BLOCK, host: On taxes, McCain said he would reduce the corporate tax rate, would keep taxes on capital gains where they are, and he said he would propose phasing out the alternative minimum tax for middle-class families. McCain called on Republicans to, in his words, reclaim our good name as the party of spending restraint.</s>MELISSA BLOCK, host: Sen. McCAIN: I will veto every single beer - bill with earmarks and every single bill that we have come across my desk I will make them famous. I will veto them. You will know their names. I will seek a constitutionally valid line item veto to end pork barrel spending once and for all.</s>MELISSA BLOCK, host: McCain took issue with Barack Obama on the question of trade. Obama has said he would renegotiate NAFTA. McCain said he looks forward to debating Barack Obama on that issue. McCain's speech was interrupted several times by anti-war protestors.</s>MELISSA BLOCK, host: Sen. McCAIN: You remember, you know, one of my political memories was when Ronald Reagan said, there you go again. There you go again.</s>MELISSA BLOCK, host: By the final interruption, McCain said, I'm running out of funny lines.
Presumptive Republican presidential nominee John McCain said today that rival Barack Obama was bad for business. McCain told a gathering of small-business owners that Obama's economic proposals would result in higher taxes and steeper overhead costs. He also faulted Obama's pledge to renegotiate NAFTA.