Don't miss

Replay


LATEST SHOWS

ENCORE!

The Best of the 2018 Cannes Film Festival

Read more

ENCORE!

Cannes 2018: and the Palme d'Or goes to....

Read more

ENCORE!

Cannes 2018: Lebanese film 'Capharnaum' wows critics

Read more

EYE ON AFRICA

Ebola outbreak in DR Congo: WHO says virus can be brought under control

Read more

MEDIAWATCH

Royal wedding: Pomp & controversy

Read more

ENCORE!

Cannes 2018: John Travolta brings the mob to the red carpet

Read more

THE WORLD THIS WEEK

Summit or no summit: North Korea angry over military drill

Read more

DOWN TO EARTH

Could thawing permafrost unleash long-gone deadly viruses?

Read more

FRANCE IN FOCUS

French and noble in 2018: What remains of France's aristocracy?

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)