Don't miss

Replay


LATEST SHOWS

ACROSS AFRICA

New HIV vaccine under trial in South Africa

Read more

EYE ON AFRICA

Vote count under way in Ghana after tight presidential poll

Read more

EYE ON AFRICA

Cameroon: Several people killed in clashes with police in Anglophone region

Read more

MEDIAWATCH

Polish Christmas video goes viral

Read more

THE DEBATE

Power to the People? Battle over Brexit and Parliamentary Democracy (part 1)

Read more

THE DEBATE

Power to the People? Battle over Brexit and Parliamentary Democracy (part 2)

Read more

FOCUS

Video: Iraq's 'Golden Division' troops in the battle for Mosul

Read more

TALKING EUROPE

Italy faces shortage of young farmers

Read more

ENCORE!

The Rolling Stones pay homage to the blues with new covers album

Read more

McCain to unveil his own economic plan

Text by AFP

Latest update : 2008-12-10

According to a campaign advisor, US Republican presidential nominee John McCain is working on a new economic plan designed to help rank-and-file investors as well as homeowners facing the loss of their homes.

View our special report on the race to the White House.

 

 
US Republican presidential nominee John McCain is working on a new economic plan designed to help rank-and-file investors as well as homeowners facing the loss of their homes, an adviser to the candidate said Sunday.
   
"I think it goes along the lines that now is the time to lower tax rates for investors, capital gains tax, dividend tax rates, to make sure that we can get the economy jump-started," Republican Senator Lindsey Graham of South Carolina, a close political ally and adviser to McCain, told CBS's "Face the Nation" program.
   
"It will be a very comprehensive approach to jump-start the economy by allowing capital to be formed easier in America by lowering taxes," Graham added.
   
He said the McCain plan would include measures to help homeowners at risk of losing their home to refinance their mortgages by writing off some of their debt in view of the actual value of their homes.
   
Under the plan, Americans would not owe to banks more than their home is worth now and would be given a fixed mortgage rate to help them make monthly payments.
   
"I think that is a very wise move at this time," Graham said without disclosing when the plan would be unveiled.
 

Date created : 2008-10-13

COMMENT(S)