Comparing Obamas and McCains Plans for the economy

John McCain on the Economy:• He supports lowering taxes to help small businesses.• He would cut the corporate tax rate from 35% to 25%,• McCain supports giving tax breaks to businesses for investing in equipment and technology.• He wants to establish a permanent tax credit for research and development.Barack Obama on the Economy:• He supports tax incentives for companies that keep jobs in the US.• He believes that the NAFTA agreement should be renegotiated to protectthe American economy.• Obama suggests a $75-billion plan for the economy would offer a $500 tax rebate to families and a $250 Social Security supplement to seniors.• He also would put more money into unemployment insurance.• He would give federal money States hardest hit by the housing crisis.• He would stop mortgage fraud and predatory lending with legislation that he proposed two years ago.