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McCain Offers Economic Plan, Criticizes Obama

This article is more than 11 years old.

John McCain says the government should stop taxing unemployment benefits.

He's also proposing a lower tax rate for Individual Retirement Accounts and 401(k) plans. The plans are part of a $52 billion economic package he's been discussing today on the campaign trail. Another proposal would reduce the tax rate on capital gains to 7.5 percent for two years.

McCain has also been keeping up criticism of his Democratic opponent's plans, particularly Barack Obama's vow to cut taxes. McCain says Obama has a record of supporting higher taxes, and is now promising "the opposite of what he has done his entire career."

Speaking in Pennsylvania today, McCain warned voters about taking a chance on Obama. In his words, "Perhaps never before in history have the American people been asked to risk so much based on so little."

This program aired on October 14, 2008. The audio for this program is not available.

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