McCain rolls out new economic proposals [View All]

[Roland99]

Source: MarketWatch

McCain rolls out new economic proposals
Retirement, tax policies unveiled a day before final presidential debate

WASHINGTON (MarketWatch) -- Sen. John McCain was rolling out new economic proposals aimed at seniors, investors and the unemployed on Tuesday, a day before he was to face Sen. Barack Obama in the final presidential debate.

Among the specific ideas to be offered by McCain, R-Ariz., was a proposal to tax withdraws from individual retirement accounts and 401(k) plans at the lowest rate of 10% this year and in 2009. McCain is also expected to call for reducing the maximum tax rate on long-term capital gains to 7.5% in 2009 and 2010 and for exempting unemployment benefits from taxation.

McCain was slated to detail the plans at a town hall meeting Tuesday in Montgomery County, Pa.

The new proposals would come as the Republican contender trails his Democratic challenger in the polls. With less than a month to go until Election Day, McCain is behind Obama by about 7 percentage points in the latest average of polls from RealClearPolitics.
The proposals are aimed at helping workers, homeowners and seniors who are hurting as a result of the financial crisis, McCain's campaign said.

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