This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/world/americas/us_elections_2008/7668931.stm
The article has changed 6 times. There is an RSS feed of changes available.
| Version 4 | Version 5 |
|---|---|
| McCain vows fight-back on economy | McCain vows fight-back on economy |
| (about 2 hours later) | |
| The Republican US presidential candidate, John McCain, has unveiled a new economic plan, as he vows to overhaul Barack Obama's poll lead. | The Republican US presidential candidate, John McCain, has unveiled a new economic plan, as he vows to overhaul Barack Obama's poll lead. |
| Senator McCain pledged to eliminate tax on unemployment benefits and to reduce capital gains tax on shares held for a year or more. | Senator McCain pledged to eliminate tax on unemployment benefits and to reduce capital gains tax on shares held for a year or more. |
| The plan includes $52.4bn (£29.9bn) of tax cuts, aimed at boosting the income of retirees hit by the market downturn. | The plan includes $52.4bn (£29.9bn) of tax cuts, aimed at boosting the income of retirees hit by the market downturn. |
| Mr Obama outlined his "economic rescue plan for the middle class" on Monday. | Mr Obama outlined his "economic rescue plan for the middle class" on Monday. |
| In a fighting speech, Senator McCain said America needed swift and bold leadership at this time of crisis, and criticised his rival for what he said was his inexperience, riskiness and instability. | |
| "Perhaps never before in history have the American people been asked to risk so much based on so little," Senator McCain said of his opponent. | |
| And Mr McCain warned that Senator Obama was going to raise taxes and boost spending. | |
| But an Obama spokesman dismissed Mr McCain's plan as "too little, too late." | |
| 'Written off' | 'Written off' |
| At present, most opinion polls give Mr Obama a clear lead over his Republican rival. | |
| An ABC/Washington Post poll, released on Monday, suggested the Democrat was ahead by a margin of 53% to 43%. | An ABC/Washington Post poll, released on Monday, suggested the Democrat was ahead by a margin of 53% to 43%. |
| Of those voters who rated the economy as the most important election issue, 62% favoured Mr Obama, while 33% preferred Mr McCain, it said. | Of those voters who rated the economy as the most important election issue, 62% favoured Mr Obama, while 33% preferred Mr McCain, it said. |
| If McCain can focus on the issues, he might claw back some ground Matthew Price: Campaign TrailComparing the economic plans | If McCain can focus on the issues, he might claw back some ground Matthew Price: Campaign TrailComparing the economic plans |
| But in a speech on Monday, Mr McCain dismissed the polls. | But in a speech on Monday, Mr McCain dismissed the polls. |
| "We're six points down," he told a rally in the key state of Virginia. | "We're six points down," he told a rally in the key state of Virginia. |
| "The national media has written us off... But they forgot to let you decide. My friends, we've got them just where we want them." | "The national media has written us off... But they forgot to let you decide. My friends, we've got them just where we want them." |
| Obama plan | |
| Mr Obama had outlined his own economic rescue plan on Monday while speaking at a rally in Toledo, Ohio. | Mr Obama had outlined his own economic rescue plan on Monday while speaking at a rally in Toledo, Ohio. |
| Barack Obama on his proposals for the economy | Barack Obama on his proposals for the economy |
| The Illinois senator said he would suspend home foreclosures by some banks for 90 days and give firms a $3,000 (£1,735) tax credit for every job they create. | The Illinois senator said he would suspend home foreclosures by some banks for 90 days and give firms a $3,000 (£1,735) tax credit for every job they create. |
| He also pledged to let people withdraw up to 15% of their pension plans (or $10,000) without tax penalties and to create a federal fund that would lend to city and state governments. | He also pledged to let people withdraw up to 15% of their pension plans (or $10,000) without tax penalties and to create a federal fund that would lend to city and state governments. |
| "It's a plan that begins with one word that's on everyone's mind, and it's spelled J-O-B-S," he told the crowd. | "It's a plan that begins with one word that's on everyone's mind, and it's spelled J-O-B-S," he told the crowd. |
| Mr McCain's team has indicated a change of tack after a series of personal attacks on Mr Obama. | Mr McCain's team has indicated a change of tack after a series of personal attacks on Mr Obama. |
| Over the weekend, the Republican candidate became embroiled in a war of words after a civil rights icon, Democratic congressman John Lewis, said the tone of his campaign had reminded him of 1960s segregationist George Wallace. | Over the weekend, the Republican candidate became embroiled in a war of words after a civil rights icon, Democratic congressman John Lewis, said the tone of his campaign had reminded him of 1960s segregationist George Wallace. |