Details of the new new McCain plan are starting to emerge.
Details of the new new McCain plan are starting to emerge. I can't say I disagree with much - he's basically copied Obama's plan and added a capital gains tax decrease. Notably missing is anything aimed at creating jobs, baby, jobs. Infrastructure plans are also missing.
Similarities aside, we seem to have exactly what you'd expect. Cut taxes and his old and disastrous mortgage bailout. This is very weak. Where Obama laid out a more grand vision of infrastructure rebuilding and help for struggling cities and towns, McCain does nothing. More of the same.
Updated: disagree, not agree! It copies Obama.
Press Release Here
- Lower Taxes On Seniors Tapping Their Retirement Accounts.
- Suspend Tax Rules That Force Seniors To Sell Their Stocks In The Midst Of This Financial Crisis.
- Accelerate The Tax Write-Off For Those Forced To Sell At A Loss In The Current Market.
- Reduce Capital Gains Taxes For 2009 And 2010 To Raise The Incentive To Save And Invest.
- Purchase Mortgages Directly From Homeowners And Mortgage Servicers, And Replace Them With Manageable, Fixed-Rate Mortgages.
- Eliminate Taxes On Unemployment Benefits.