Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

End of an era as Volkswagen's Piech resigns

Read more

THE OBSERVERS

Police beat kids in Guinea, and militias dynamite homes in Iraq

Read more

IN THE PAPERS

Nepal vows not to be crippled by deadly quake

Read more

ENCORE!

Armenia, 100 years on

Read more

EYE ON AFRICA

Togo: Will President Faure Gnassingbe win a third 5-year term?

Read more

MEDIAWATCH

Controversy reigns, 100 years after Armenian genocide

Read more

THE WORLD THIS WEEK

Migrant Deaths: Politicians Divided after Emergency EU Summit (part 2)

Read more

THE WORLD THIS WEEK

The G-Word: Turkey and the Armenian Genocide (part 1)

Read more

IN THE PAPERS

Nepal devastated by biggest earthquake since 1934

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)