Economic Plan

• Provide $50 billion to jumpstart the economy and prevent one million Americans from losing their jobs


• Provide a tax cut for working families. Plans to create a new “Making Work Pay” tax credit of up to $500 per person, or $1,000 per working family. The “Making Work Pay” tax credit will completely eliminate income taxes for 10 million Americans.


• Enact a windfall profits tax to provide a $1,000 Emergency Energy Rebate to American families


• Eliminate income taxes for seniors making less than $50,000, which would provide average savings of $1,400/year. (source: www.barackobama.com)

Environmental/Energy Plan

• Help create five million new jobs by strategically investing $150 billion over the next 10 years to catalyze private efforts to build a clean energy future.
  
• Within 10 years save more oil than we currently import from the Middle East and Venezuela combined
  
• Put one million plug-in hybrid cars—cars that can get up to 150 miles per gallon—on the road by 2015; cars that he will work to make sure are built here in America
  
• Ensure 10 percent of our electricity comes from renewable sources by 2012, and 25 percent by 2025
  
• Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050 (source:www.barackobama.com)

Economic Plan

• Cut The Corporate Tax Rate from 35 to 25 percent, which would expand the U.S. economy, creating jobs and opportunities for prosperity.


• Allow first-year deduction, or “expensing,” of equipment and technology investments, which will provide an immediate boost to capital expenditures and re-ward investments in cutting-edge technologies.


• Establish permanent tax credit equal to 10 percent of wages spent on R&D that will simplify the tax code, reward activity in the United States, and make us more competitive with other countries. (source: blogs4mccain.com)


• Proposed a new “HOME Plan” which would allow American homeowners the opportunity to trade a burdensome mortgage for a manageable loan that reflects their home’s market value. (source:www.johnmccain.com)

Environmental/Energy Plan

• By 2012, McCain proposes to return emissions to 2005 levels (18 percent above 1990 levels) and will offer a “Clean Car Challenge” to the automakers of America, in the form of a single and substantial tax credit ($5,000/customer who buys a zero carbon-emission car) for the consumer based on the reduction of carbon emissions.


• Proposes a $300 million prize to improve battery technology for full commercial development of plug-in hybrid and fully electric automobiles


• Plans to commit $2 billion annually to advancing clean coal technologies


• Proposes a cap-and-trade system that would set limits on greenhouse gas emissions while encouraging the development of low-cost compliance options (source: www.johnmccain.com)