Who Has the Right Plan for America's Economy?

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American families are worried about rising gas prices, a deteriorating job market, shrinking retirement portfolios, and falling home prices. Recently John McCain laid out his Jobs for America Plan, a real strategy to create millions of good American jobs, ensure our nation's energy security, get the government's budget and spending house in order, provide access to affordable health insurance, bring relief to American consumers, and allow more Americans facing foreclosure to stay in their homes.

Hard working Americans are suffering from high gas prices and need relief now.   John McCain will suspend the federal gas tax.   Barack Obama refuses to support this commonsense step that will provide the immediate relief America's families need.   John McCain will also secure our energy independence in the long term through a mix of new production here at home and the development of alternative sources of energy.   Barack Obama opposes deep water oil exploration and every other near and midterm measure that could reduce skyrocketing prices at the pump.

On issue after issue, Barack Obama is on the wrong side of job creation and the concerns of American families.   He would tie small businesses up in taxes and Washington-directed mandates, discouraging job creation at a time when America needs it most.   As Americans watch falling markets shrink their retirement savings, Barack Obama proposes raising taxes on investment through higher taxes on capital gains and dividends.

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Senator Obama has proposed substantial tax cuts for middle-class families paid for by restoring tax fairness by repealing some of the Bush tax cuts for families over $250,000 and reforming corporate taxes. In sum, 95 percent of workers and their families would get a tax cut. A married couple would get $1,000 -- plus potentially more from other tax cuts.

All of this stands unchallenged by the McCain campaign.

As for their challenges, in brief, (1) a gas tax holiday basically gives a tax cut to oil companies and hopes they will pass it on to consumers -- which they probably will not; (2) Obama's health plan does not have mandates for small businesses, instead it has tax cuts to help them afford coverage and (3) Obama proposes making it easier to save and increasing the tax incentives for saving by low- and moderate-income families.