John McCain's Economic Plan
Senator John McCain's
John McCain's Economic Plan Summary
John McCain announced a comprehensive economic plan. According to
Senator McCain, "the plan will create millions of good American jobs,
ensure our nation's energy security, get the government's budget and
spending practices in order, and bring relief to American consumers."
John McCain's Economic Plan is titled "Jobs for America". The plan
is divided in 9 sections/issues. Read each of the sections below to learn how the McCain Economic
Plan will intends to bring reform and prosperity to America.
Families Relief |
Government Reform |
Healthcare | Taxes |
Immediate Relief for American Families
Gas and Food Prices: The McCain-Palin team will act immediately to
reduce the pain of high gas prices, stop filling the Strategic
Petroleum Reserve to reduce demand, and end policies that contribute
to higher living costs.
Housing Crisis: John McCain and Sarah Palin have proposed a “HOME
Plan” to provide robust, timely, and targeted help to those hurt by
the housing crisis. The top priority is to keep well-meaning,
deserving home owners in their homes.
Student Loans: John McCain and Sarah Palin are proposing a student
loan continuity plan that will work with states to keep the credit
crunch from hurting college students.
Reforming Washington To Regain The Trust Of Taxpayers
Balance the Budget by 2013: John McCain and Sarah Palin will keep
growth strong, eliminate waste, and provide bipartisan leadership to
balance the budget by the end of his first term.
Wasteful Spending: John McCain and Sarah Palin will stop earmarks,
pork-barrel spending, and waste. They have proposed a one-year
spending pause in order to evaluate all spending programs. John
McCain will veto any pork-barrel project that crosses his desk.
Pro-Growth, Pro-Job Creation Tax Policy
Middle Class Tax Cuts: John McCain and Sarah Palin will cut taxes on
middle class families. They will phase out and eliminate the
Alternative Minimum Tax, saving a middle class family with children
an average of over $2,700. They will also double the personal
exemption for dependents.
Pro-Growth Tax Policy: John McCain and Sarah Palin will keep taxes
low by fighting efforts to raise taxes and making it harder to raise
taxes in the future. They will keep the current rates on dividends
and capital gains while permitting businesses to immediately deduct
the cost of equipment and technology.
Ensuring America’s Economic Preeminence In The Global Economy
Better Health Care At Lower Costs For Every American
Cheap, Clean, Secure Energy For America
John McCain and his running mate Sarah Palin summarizes the plan
in their own words as follows :
We must reform government, achieve
energy security, and ensure that health care and a quality education
are affordable and available to all Americans. We must act quickly
and decisively to meet our economic challenges. We have to make it
easier for small businesses to grow and create jobs.