Plan E pt. 2

Alright now the McCain side of things. John McCain’s economic plan covers many topics from clean energy to trade policies. Starting with workplace flexibility, if McCain is elected to office he wants to create a National Commission on Workplace Flexibility and Choice which would touch on issues like making work schedules more flexible, making it easier for people to work at home, make health care more portable so that workers don’t lose it when they switch jobs. On the subject of health care; McCain’s health care reform includes making generic drugs cheaper, dedicating more federal funds to the research of treating and curing chronic disease, he plans to reform the payment systems in Medicaid and Medicare, and create a zero tolerance for medicare and medicaid fraud, he also wants to “develop standards for measuring and evaluating treatments and outcomes” as well as make doctors records more open to the public. McCain has a Pro-Growth Tax Policy which believes that small businesses are the heart of job growth, and that raising taxes on them hurts the whole economy. McCain’s plan intends on keeping the top tax rate at 35% and cutting corporate tax rate from 35% to 25%, we currently have the second highest corporate tax rate and as other countries lowered theirs we fell out of suit. Lowering corporate tax rates also inhibits keeping quality jobs in the United States. He also wants to create tax credits on all revenue spent on R&D to encourage further investment in research and development. McCain wants to lower trade barriers and play a bigger part in globalization. To deal with current home mortgage crisis McCain has a Home Plan that will enable hundreds of thousands of deserving families to get out of their over bearing mortgages, and into affordable loans that reflect their homes market value. To combat rising fuel costs McCain would suspend the federal gas tax from Memorial Day to Labor Day which would save motorists 6.8 $billion during the summer months. Finally on of McCain’s biggest goals is to reform Washington by preforming an extensive spending review which would terminate certain programs and consolidate, streamline, reprioritze funds. He wants to put a stop to wasteful spending like pork barrel and ear mark spending. He will strive to eliminate earmarks that lead to corruption.

All information on McCain’s economic plan was gathered from McCain’s campaign website

~ by casst18 on October 3, 2008.