President Bush heads to Crawford, Texas, to begin his delayed vacation.
Get the full political schedule in The Note's "Sneak Peek."
Also in the news:
The Obama plane scare was a lot more serious than we realized at the time: "The incident involving Sen. Barack Obama's campaign plane last month was much more serious than the airline or the Federal Aviation Administration said, according to FAA control tower tapes obtained by ABC News."
Obama on taxes: "Sen. Barack Obama's, D-Ill., top economic advisors announced on Thursday that he is seeking to raise the capital gains tax rate from 15 percent to 20 percent for those Americans making more than $250,000 per year," per ABC's Teddy Davis, Arnab Datta, and Rigel Anderson.
Follow the money: "John McCain's presidential campaign lacks the support of several Republican-leaning industries central to President George W. Bush's record-setting fundraising four years ago," writes Bloomberg's Jonathan Salant. "Democrat Barack Obama has captured $9.6 million in donations from employees working for securities, mortgage and drug companies, compared with McCain's $6.6 million. In 2004, people in those industries gave $10.6 million to Bush and $5.4 million to Democratic nominee John Kerry, according to the Center for Responsive Politics, a research group in Washington."
Look who's back: "Phil Gramm didn't stay in the dog house for long," Todd J. Gillman writes for The Dallas Morning News, with Gramm popping up at McCain's side Thursday.
McCain's son, Andy, gets some unwelcome Wall Street Journal attention.
Better than the prizes on Wheel of Fortune: "The Obama campaign will unveil the ten supporters selected to be 'Backstage with Barack' at the Democratic National Convention next week. The ten voters selected for backstage access for Obama's speech next Thursday represent the diversity of Obama supporters and come from all across the country. The ten supporters were selected from ten different states, and each will be able to bring one guest to Denver. The supporters will receive airfare, accommodations, and will attend two days of convention activities -- including a private meeting with Senator Obama before his historic speech at Invesco Field in Denver on Thursday, August 28th."
A job Obama may not want to advertise: "During one school year at Columbia, Obama was a telemarketer in midtown Manhattan selling New York Times subscriptions over the phone, wearing a headset. He did not like the job because 'he worried that some of the people he called couldn't really afford the subscription,' " the Obama campaign tells the Chicago Sun-Times' Lynn Sweet.
"A lot of my taste in music stopped about the time I impacted a surface-to-air missile with my own airplane and never caught up again." -- John McCain, on his retro music tastes.
"Please don't, don't tell me to call in 10 minutes early. I gotta be honest with you, I'm skeptical that there were technical difficulties. I think you guys were worried we wouldn't call in. I'll call in when you tell me to. They said 'oh. you gotta call in and go over all these things,' none of which were true. So please, don't do that with me in the future." -- Rep. Barney Frank, D-Mass., not realizing that a DNC conference call with reporters wasn't quite over.
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