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April 15, 2008
Posted: 07:57 AM ET
Sen. John McCain will say Tuesday he wants to let Americans choose between two income tax systems.
PITTSBURGH, Pennsylvania (CNN) — Sen. John McCain plans to outline plans Tuesday to revive a flagging economy — proposals that a top aide describes as "big and ambitious." The presumptive Republican nominee wants to create an alternative income-tax system, reform the Medicare prescription-drug benefit and double the amount of an exemption that taxpayers receive for dependents, according to a copy of remarks he plans to deliver Tuesday morning. McCain also says he wants Congress to declare a summer gas-tax holiday by suspending the 18.4-cent federal gas tax and 24.4-cent tax on diesel fuel from Memorial Day to Labor Day this year. And he will reiterate his plans on the sub-prime mortgage crisis by offering people in danger of foreclosure a 30-year, fixed-rate mortgage loan backed by the federal government. Filed under: John McCcain |
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