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McCain answers Obama with his own economic plan
Turkmenistan News.Net
Tuesday 14th October, 2008
With potential voters turning out in droves for Barack Obama, US Republican presidential candidate John McCain has set out to bring a new phase to his campaign, by unveiling expensive policies to aid middle class Americans.
In a $52.5 billion plan the 72-year-old Arizona Senator has called for the elimination of taxes on unemployment benefits, lowering taxes in drawings from retirement accounts and accelerating tax deductions for people forced to sell assets at a loss in economic crisis fire-sales.
At a meeting in Philadelphia he also said that as president, he would guarantee 100 percent of all savings for the next six months.
Democrat, Barack Obama, on Monday produced his own economic plan for a 90-day moratorium on home mortgage foreclosures and tax breaks to businesses that create new jobs.
Obama’s spokespeople have already criticized the new McCain package by saying it would not strengthen the economy, would provide no tax relief at all to 101 million families, including 97 percent of senior citizens, and would do nothing to cut taxes for small businesses or give them access to credit.
McCain's candidacy has been under pressure since voter anxiety rose over the country's economic problems and his past links with unpopular fellow Republican, President George Bush.  Email this story to a friend
Comments on this story
kawahchan
10-15-08, 09:26 AM |
McCain answers Obama with his own economic plan
PALIN : Why Obama’s new economic plan to give $3,000 tax break per new employee to the business who hires in the States, this Obama’s proposal just WON’T work and WON’T benefit to the American unemployed and the new Freshman of career — the trainee ? Because since the Democrats takeover as majority of Congress & Senate, the Democrats are favoring MOST to recruit the H1-B visa foreign technical-workers to work in the United States; allow the university foreign-student graduates to change F-1 visa to H1-B visa, their paid-salary are much lower than the company to hire a American-born citizen. Obama’s $3,000 tax break just won’t benefit to those American-born graduating Senior students who seek for trainee job after college to pay back the student-loan. However JOHN McCAIN’s economic package to promote Corporate (windfall) taxcut to ALL corporations is good to create new jobs, especially the corporation can have extra budget to open-door to hire new trainees. DON’T let Obama fools you all unemployed and new Freshman of career; Obama’s new economic proposals only will make you to sit around without job hiring and keep you waiting and waiting ...
Also most of the small business inside the shopping hub, those small business owners use to hire part-time workers or let the teenagers to work less than 40 hours per week to avoid paying health-care insurance for the full-time.
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Today, the 15th early morning, the Wall Street’s stock market DJIA is keep dropping back to -163.12 point at 6:39 a.m. California time. No doubt about it is due to Obama’s new economic plan just scare away American real-people again, backfired !!
However, we like and agree with Yale University’s professor said that he likes JOHN McCAIN’s new economic plan to CUT 1/2 of our Capital Gain tax. That’s my favour too ! (Buy-low-Sell-high. Yeah ! Good for the working-class' 401K)
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kevinator815
10-15-08, 07:55 PM |
All wrong..
McCain is crazy.....
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wanda b
10-15-08, 05:36 PM |
I HOPE THAT THERE ARE WORDS MISSING FROM THE STORY ABOVE. I FOUND IT HARD TO FOLLOW AS IT WAS WRITTEN SO POORLY.
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wanda bARNETT
10-15-08, 05:37 PM |
I HOPE THAT THERE ARE WORDS MISSING FROM THE STORY ABOVE. I FOUND IT HARD TO FOLLOW AS IT WAS WRITTEN SO POORLY.
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