Sen. John McCain will take a bold step forward today as he addresses the state of America's economy and promises to balance the budget. McCain's proposal, called "Jobs for America," includes these points:
--summer suspension of federal gas taxes at the pump
--action to stop families from losing their homes in current credit crisis; refusal of taxpayer dollars to bail out those who preyed on consumers
--dismantling the pork barrel stuffed via earmarks
--assisting small businesses, including energy costs
--tax credits for R&D (research and design) work
--exporting more American goods and strengthening U.S. markets abroad
--expand use of domestic gas and oil and punish oil market speculators
--$300 million prize for development of battery power for cars
--cheaper medications
--more attention paid to chronic diseases
--make health insurance more portable as Americans change jobs
--ban internet taxes and new cellphone usage taxes
--adding more training and job resources to unemployment provisions.
Mike Allen of Politico has a thorough analysis and the entire proposal. McCain has been speaking out on the crisis in home mortgages as well as reaching out on his Latin American tour.
Monday, July 7, 2008
Summer Break from Federal Gas Taxes Part of New McCain "Jobs for America" Economy Bailout Program
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