Marc parses McCain's new economic plan:
Depending on how much McCain's mortgage purchase plan actually costs and where the money actually comes from, his proposals could wind up costing more than Obama's.
McCain has more targeted relief for seniors and, like Obama, proposes to avoid taxing unemployment benefits. The McCain campaign estimates that those making less than $100,000 who get canned would see their unemployment benefits rise by as much as 10%. Obama and Congressional Democrats want to extend the length of the benefits, which they say would help these folks more.
Obama' proposals are targeted more precisely at incentivizing job creation, where McCain's doesn't cut taxes for small businesses or give them more access to credit. That said, McCain would charge that Obama's marginal tax hikes would hurt small business owners earning more than $250,000.
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