At the National Urban League Annual Conference, Barack Obama states that he will not raise taxes on those who earn $250,000 per year.

"So we've got a decision to make. We can continue President Bush's economic policies -- the policies that got us here in the first place. That's the course Senator McCain would have us follow. He's said we've made 'great progress economically' under President Bush.

Well, I disagree. We face serious issues in this election -- and have real differences. But I'm not going to assault Senator McCain's character. I'm not going to compare him to pop stars. I will, however, compare our two visions for our economic future.

Senator McCain wants to keep giving tax breaks to companies that ship jobs overseas. I want to end them and start giving incentives to companies that create jobs here at home. Because I don't think 463,000 lost jobs this year is economic progress.

He wants to give $300 billion worth of tax breaks to big corporations and the wealthiest Americans. Under his plan, more than 100 million middle class families won't see a penny in direct tax relief. I want to put a tax cut of up to $1,000 into the pockets of 95% of working Americans. And if you're a family making less than $250,000 a year, my plan won't raise your taxes one penny -- not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.

Senator McCain is opposed to regular increases in the minimum wage -- I want to index it so that it rises with rising costs. He thinks the Earned Income Tax Credit is fine as it is -- I want to expand it. He has no plans to make childcare more affordable or help people get paid sick leave -- while I do.

In the end, Senator McCain's plans, if you're doing spectacularly well now, you'll do even better. Otherwise, you'll likely be stuck running in place -- or fall even further behind." Remarks as prepared for delivery