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ARLINGTON, Va., October 29 /Standard Newswire/ -- Today, McCain-Palin 2008 released its latest television ad, entitled "TV Special." With Barack Obama set to air a 30-minute infomercial delaying the World Series, the ad highlights some facts that Americans will not hear tonight. Barack Obama will not tell Americans how his proposals to increase spending and increase taxes will only further hurt our economy. With crises at home and abroad, Barack Obama does not have the experience America needs, and we cannot afford inexperienced leadership at this time. The ad will be televised on national broadcast channels.

VIEW THE AD HERE: http://www.youtube.com/watch?v=E08opP-qnQM

Script For "TV Special" (TV :30)

ANNCR: Behind the fancy speeches, grand promises and TV special, lies the truth:

With crises at home and abroad, Barack Obama lacks the experience America needs.

And it shows.

His response to our economic crisis is to spend and tax our economy deeper into recession.

The fact is Barack Obama's not ready yet.

JOHN MCCAIN: I'm John McCain and I approve this message.

AD FACTS: Script For "TV Special" (TV :30)

ANNCR: Behind the fancy speeches, grand promises and TV special, lies the truth: With crises at home and abroad, Barack Obama lacks the experience America needs. And it shows. His response to our economic crisis is to spend and tax our economy deeper into recession. The fact is Barack Obama's not ready yet. JOHN MCCAIN: I'm John McCain and I approve this message.

· Barack Obama Has Called For Higher Income Taxes, Social Security Taxes, Capital Gains And Dividend Taxes, And Corporate Taxes, As Well As "Massive New Domestic Spending." "Obama's transformation, if you go by his campaign so far, would mean higher income taxes, higher Social Security taxes, higher investment taxes, higher corporate taxes, massive new domestic spending, and a healthcare plan that perhaps could be the next step to a full-scale, single-payer system. Is that what most Americans want, someone who will fulfill a Democratic policy wish list?" (James Pethokoukis, "Barack Hussein Reagan? Ronald Wilson Obama?" U.S. News & World Report's "Capital Commerce" Blog, www.usnews.com, 2/12/08)

· Barack Obama Would Raise Capital Gains And Dividend Taxes. "Sen. Obama wants to raise the long-term capital-gains rate for families making more than $250,000 to around 20 percent or somewhat higher but not above the 28 percent level it reached during the Reagan presidency, an Obama economic adviser says. The same rate would apply to most dividend income for these investors." (Tom Herman, "Tax Report Your Tax Bill: How McCain, Obama Differ," The Associated Press, 6/18/08)

· Tax Policy Center: Barack Obama Would Raise Taxes On One Out Of Every Three Senior Households. "Even though Senator Obama's plan eliminates individual income taxes for seniors with incomes less than $50,000, his plan would raise taxes for almost 10 million senior households, over a third of the total (not shown in table). On average, seniors would face a tax increase of about 2 percent of income." (Burman et al., "A Preliminary Analysis of the 2008 Presidential Candidates' Tax Plans," The Tax Policy Center, 6/11/08)

· Barack Obama Would Raise Income Taxes. Obama: "[I] would roll back the Bush tax cuts for those making over $250,000." (Sen. Barack Obama, CNN Democrat Presidential Candidate Debate, Manchester, NH, 6/3/07)

· U.S. Department Of Treasury: Small Business Owners "Are Frequently Subject To The Highest Individual Income Tax Rates." "Changes in the individual income tax affect most businesses in the United States. That is because taxes on business earnings are often paid through the individual income tax when 'passed-through' to business owners. The business income from sole proprietorships, farm proprietorships, partnerships, S corporations, etc., is all taxed at the owners' individual income tax rates. This year 34 million business owners are expected to receive this type of income and pay tax on this income through the individual income tax. These businesses are typically small and often entrepreneurial in nature, and a source of innovation and risk-taking in the economy. Moreover, these business owners are frequently subject to the highest individual income tax rates." ("Topics Related To The President's Tax Relief," U.S. Departm ent Of Treasury, http://www.ustreas.gov/press/releases/reports/president_taxrelief_topics_0508.pdf, May 2008)

· Barack Obama Would Raise Social Security Taxes. "Obama's proposal would impose social security taxes on income above $250,000 per year. He would continue to exempt income between $102,000 and $250,000 from social security taxes." (Teddy Davis, Sunlen Miller, and Gregory Wallace, "Obama Kisses Billions Goodbye," ABC News' "Political Radar" Blog, blogs.abcnews.com, 6/18/08)

· Barack Obama: "I Think When You Spread The Wealth Around, It's Good For Everybody." JOE WURZELBACHER: "I'm a plumber. You know, I work, you know, 10, 12 hours a day. If I buy another truck and add something else to it, and you know, build the company..." OBAMA: "Right." WURZELBACHER: "... you know, I'm getting taxed more and more." OBAMA: "Nobody likes high taxes." WURZELBACHER: "No, not at all." OBAMA: "Right? Of course not. So -- but what's happened is, is that we end up -- we've cut taxes a lot for folks like me who make a lot more than $250,000. We haven't given a break to folks who make less. It's not that I want to punish your success, I just want to make sure that everybody who is behind you, that they've got a chance at success, too. And everybody is so pinched that business is bad for everybody. And I think when you spread the wealth around, it's good for everybody." (Barack Obama, Remarks, Toledo, OH, 10/12/08)

· In 2001, Barack Obama Said One Of The "Tragedies" Of The Civil Rights Movement Was That It Did Not Bring About "Redistributive Change." OBAMA: "You know if you look at the victories and the failures of the Civil Rights movement and its litigation strategy in the Court, I think where it succeeded was to invest formal rights in previously dispossessed peoples so that I would now have the right to vote, I would now be able to sit at the lunch counter and order in as long as I could pay for it I would be okay. But the Supreme Court never ventured into the issues of redistribution of wealth and sort of more basic issues of political and economic justice in this society. And to that extent as radical as I think people try to characterize the Warren Court, it wasn't that radical. It didn't break free from the essential constraints that were placed by the Founding Fathers in the Constitution, at least as its been interpreted and the Warren Cou rt interpreted it in the same way that generally the Constitution is a charter of negative liberties, says what the states can't do to you, says what the federal government can't do to you, but it doesn't say what the federal government or the state government must do on your behalf and that hasn't shifted. And one of the I think the tragedies of the Civil Rights movement was because the Civil Rights movement became so court focused I think that there was a tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalitions of power through which you bring about redistributive change and in some ways we still suffer from that." (Barack Obama, Interview With WBEZ Chicago, 2001)

· If Barack Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $1 Trillion In New Spending Over One White House Term. (Barack Obama's Spending Proposals: http://www.barackobama.com/index.php, Accessed 10/19/08)

· Investor's Business Daily Said Under An Obama Administration There Would Be "Nearly $1 Trillion" In New Spending. "Absent enormous cuts in government spending -- and Barack Obama alone promises new spending of nearly $1 trillion -- there will be no hope of anything resembling a balanced budget." (Editorial, "A Bad Scenario," Investor's Business Daily, 2/28/08)

· Los Angeles Times: Barack Obama "Has Not Identified New Revenue Sources Or Spending Cuts To Pay For Some Of" His Proposals. "The Obama campaign responds that tax cuts, once enacted, are usually renewed and do not expire. Therefore, they say, Obama can legitimately claim to be recouping money for other purposes by scaling back the tax cuts. Obama has not identified new revenue sources or spending cuts to pay for some of what he wants to do." (Peter Nicholas, "Adding Up The Cost Of Obama's Agenda," Los Angeles Times, 7/8/08)

· ABC News: Barack Obama Can Not "Pay For Every Dime" Of New Spending He Has Proposed. "Sen. Barack Obama, D-Ill., said during Friday's presidential debate that he would 'pay for every dime' of his spending. But according to the nonpartisan Tax Policy Center, 'without substantial cuts in government spending' Obama's plan -- and McCain's, too --'would substantially increase the national debt over the next ten years.' The Tax Policy Center has estimated that Obama's proposed tax policies would increase the debt by $3.5 trillion over ten years." ("Fact Check: 'Pay for Every Dime'? Not Quite," ABC News' "Political Radar" Blog, http://blogs.abcnews.com, Posted 9/26/08)