Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Kenya’s opposition leader to take poll dispute to Supreme Court

Read more

MEDIAWATCH

Trump's 'unprecedented transgression'

Read more

THE DEBATE

US racial tension - How far should freedom of speech be allowed to go?

Read more

THE DEBATE

Burkina Faso attack: How to restore security in the Sahel region?

Read more

THE DEBATE

India and Pakistan mark 70 years of independence: Can the two countries ever reconcile?

Read more

ACCESS ASIA

India: Cows at heart of political debate

Read more

IN THE PAPERS

Trump again blames both sides for Charlottesville violence

Read more

IN THE PAPERS

'Macron: The shadow of a doubt'

Read more

BUSINESS DAILY

Talks to begin on revamping NAFTA trade deal

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)