McCain, Obama on the issues
Posted: Sunday, November 02, 2008
The plans of presidential candidates are never set in stone, if only because circumstances and the makeup of Congress change after the election. The uncertainty is even deeper in this election because Democrat Barack Obama and Republican John McCain laid out most of their agenda before the government committed up to $700 billion to address the financial crisis.
Neither candidate has spelled out what promises might have to be postponed or changed. With that caution, here's a look at where McCain and Obama stand on a selection of issues:
ABORTION
McCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion.
Obama: Favors abortion rights.
AFGHANISTAN
McCain: Favors unspecified boost in U.S. forces.
Obama: Would add about 7,000 troops to the U.S. force of 36,000, bringing the reinforcements from Iraq. Has threatened unilateral attack on high-value terrorist targets in Pakistan as they become exposed, "if Pakistan cannot or will not act" against them.
ENERGY-GLOBAL WARMING:
McCain: Favors increased offshore drilling and building 45 nuclear power reactors by 2030. Opposes drilling in Alaska's Arctic National Wildlife Refuge. Mandatory reductions of carbon dioxide and other greenhouse gases by 60 percent from 1990 levels by 2050, using a market-based cap-and-trade system that would increase energy costs. Supports $2 billion program to develop carbon capture and other clean coal research and development. $5,000 tax credit for the purchase of zero carbon emission cars; $300 million prize for improved batteries for hybrid vehicles. Broke with President Bush on global warming and led Senate effort to cap greenhouse gas emissions.
Obama: Ten-year, $150 billion fund for biofuels, wind, solar, plug-in hybrids, clean-coal technology and other "climate-friendly" measures. Mandatory reductions of carbon dioxide and other greenhouse gases by 80 percent from 1990 levels by 2050, using a market-based, cap-and-trade system that would increase energy costs. Increase federal fuel economy requirements from 35 mpg to 40 mpg. Now would consider limited expansion of offshore oil and gas drilling. Opposes drilling in Arctic National Wildlife Refuge. Proposes windfall-profits tax on largest oil companies to pay for energy rebate of up to $1,000. Expand federal requirements for ethanol from 36 million gallons to 60 million gallons a year with increase coming from non-corn sources, and require utilities to produce 25 percent of power from renewable energy such as wind, solar and biomass by 2025. $7,000 tax credit for the purchase of advance-technology vehicles; put 1 million plug-in hybrid cars on road by 2015.
FINANCIAL CRISIS
McCain: $300 billion plan for the government to buy bad mortgages and renegotiate them at a reduced price. Proposes a one-year suspension of requirements that people aged 70 1/2 begin cashing in retirement accounts. Lobbied fellow lawmakers to support $700 billion rescue plan. Eliminate taxes on unemployment benefits, guarantee 100 percent of savings for six months, lower the tax rate on retirement funds to 10 percent, on the first $50,000 withdrawn. Cut the tax rate on capital gains by half, to 7.5 percent, for two years.
Obama: Two-year plan offering $3,000 tax credit to businesses for each new job created and enabling people to withdraw up to 15 percent of their retirement money, to a maximum of $10,000, without penalty, except for the usual taxes. Would temporarily extend an expiring tax break that lets small businesses immediately write off investments of up to $250,000, and sweeten small-business loans at a cost of about $5 billion. Estimated cost of proposals: $60 billion. Now favors mandatory 90-day freeze on some foreclosures. Lobbied fellow lawmakers to support $700 billion rescue plan. Extend unemployment benefits, offer tax credit covering 10 percent of annual mortgage-interest payments for "struggling homeowners."
GUN CONTROL
McCain: Voted against ban on assault-type weapons but in favor of requiring background checks at gun shows. Voted to shield gun-makers and dealers from civil suits. "I believe the Second Amendment ought to be preserved -- which means no gun control."
Obama: Voted to leave gun-makers and dealers open to suit. Also, as Illinois state lawmaker, supported ban on all forms of semiautomatic weapons and tighter state restrictions generally on firearms.
HEALTH CARE
McCain: $2,500 refundable tax credit for individuals, $5,000 for families, to make health insurance more affordable. No mandate for universal coverage. Would no longer shield from income taxes those payments that businesses and their workers make toward employer-sponsored health insurance. Tax Policy Center estimates overall plan's cost at $1.3 trillion over 10 years.
Obama: Mandatory coverage for children, no mandate for adults. Aim for universal coverage by requiring larger employers to share costs of insuring workers and by offering coverage similar to that in plan for federal employees. Proposes spending $50 billion on information technology over five years to reduce health care costs over time. Tax Policy Center estimates overall plan's cost at $1.6 trillion over 10 years.
IMMIGRATION
McCain: Sponsored 2006 bill that would have allowed illegal immigrants to stay in the U.S., work and apply to become legal residents after learning English, paying fines and back taxes and clearing a background check. Now says he would secure the border first. Supports border fence.
Obama: Voted for 2006 bill offering legal status to illegal immigrants subject to conditions, including English proficiency and payment of back taxes and fines. Voted for border fence.
IRAQ
McCain: Opposes scheduling a troop withdrawal, saying latest strategy is succeeding. Supported decision to go to war, but was early critic of the manner in which administration prosecuted it. Was key backer of the troop increase. Willing to have permanent U.S. peacekeeping forces in Iraq.
Obama: Spoke against war at start, opposed troop increase. Voted against one major military spending bill in May 2007; otherwise voted in favor of money to support the war. Says his plan would complete withdrawal of combat troops in 16 months. Initially had said a timetable for completing withdrawal would be irresponsible without knowing what facts he'd face in office.
TAXES
McCain: Proposes extending all of President Bush's tax cuts and cutting corporate tax rate to 25 percent. Pledged not to raise taxes, then equivocated, saying nothing can be ruled out in negotiating compromises to keep Social Security solvent. Twice opposed Bush's tax cuts, at first because he said they were tilted to the wealthiest and again because of the unknown costs of Iraq war. Now says those tax cuts, expiring in 2010, should be permanent. Nonpartisan Tax Policy Center estimates tax break of $325 for the middle 20 percent of taxpayers -- those making $37,600 to $66,400.
Obama: Raise income taxes on families making over $250,000 and individuals making over $200,000. Raise corporate taxes. $80 billion in tax breaks mainly for poor workers and elderly, including tripling Earned Income Tax Credit for minimum-wage workers and higher credit for larger families. Eliminate tax-filing requirement for older workers making under $50,000. A mortgage-interest credit could be used by lower-income homeowners who do not take the mortgage-interest deduction because they do not itemize their taxes. Nonpartisan Tax Policy Center estimates tax break of $1,118 for the middle 20 percent of taxpayers -- those making $37,600 to $66,400.
-- Calvin Woodward, The Associated Press
Neither candidate has spelled out what promises might have to be postponed or changed. With that caution, here's a look at where McCain and Obama stand on a selection of issues:
ABORTION
McCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion.
Obama: Favors abortion rights.
AFGHANISTAN
McCain: Favors unspecified boost in U.S. forces.
Obama: Would add about 7,000 troops to the U.S. force of 36,000, bringing the reinforcements from Iraq. Has threatened unilateral attack on high-value terrorist targets in Pakistan as they become exposed, "if Pakistan cannot or will not act" against them.
ENERGY-GLOBAL WARMING:
McCain: Favors increased offshore drilling and building 45 nuclear power reactors by 2030. Opposes drilling in Alaska's Arctic National Wildlife Refuge. Mandatory reductions of carbon dioxide and other greenhouse gases by 60 percent from 1990 levels by 2050, using a market-based cap-and-trade system that would increase energy costs. Supports $2 billion program to develop carbon capture and other clean coal research and development. $5,000 tax credit for the purchase of zero carbon emission cars; $300 million prize for improved batteries for hybrid vehicles. Broke with President Bush on global warming and led Senate effort to cap greenhouse gas emissions.
Obama: Ten-year, $150 billion fund for biofuels, wind, solar, plug-in hybrids, clean-coal technology and other "climate-friendly" measures. Mandatory reductions of carbon dioxide and other greenhouse gases by 80 percent from 1990 levels by 2050, using a market-based, cap-and-trade system that would increase energy costs. Increase federal fuel economy requirements from 35 mpg to 40 mpg. Now would consider limited expansion of offshore oil and gas drilling. Opposes drilling in Arctic National Wildlife Refuge. Proposes windfall-profits tax on largest oil companies to pay for energy rebate of up to $1,000. Expand federal requirements for ethanol from 36 million gallons to 60 million gallons a year with increase coming from non-corn sources, and require utilities to produce 25 percent of power from renewable energy such as wind, solar and biomass by 2025. $7,000 tax credit for the purchase of advance-technology vehicles; put 1 million plug-in hybrid cars on road by 2015.
FINANCIAL CRISIS
McCain: $300 billion plan for the government to buy bad mortgages and renegotiate them at a reduced price. Proposes a one-year suspension of requirements that people aged 70 1/2 begin cashing in retirement accounts. Lobbied fellow lawmakers to support $700 billion rescue plan. Eliminate taxes on unemployment benefits, guarantee 100 percent of savings for six months, lower the tax rate on retirement funds to 10 percent, on the first $50,000 withdrawn. Cut the tax rate on capital gains by half, to 7.5 percent, for two years.
Obama: Two-year plan offering $3,000 tax credit to businesses for each new job created and enabling people to withdraw up to 15 percent of their retirement money, to a maximum of $10,000, without penalty, except for the usual taxes. Would temporarily extend an expiring tax break that lets small businesses immediately write off investments of up to $250,000, and sweeten small-business loans at a cost of about $5 billion. Estimated cost of proposals: $60 billion. Now favors mandatory 90-day freeze on some foreclosures. Lobbied fellow lawmakers to support $700 billion rescue plan. Extend unemployment benefits, offer tax credit covering 10 percent of annual mortgage-interest payments for "struggling homeowners."
GUN CONTROL
McCain: Voted against ban on assault-type weapons but in favor of requiring background checks at gun shows. Voted to shield gun-makers and dealers from civil suits. "I believe the Second Amendment ought to be preserved -- which means no gun control."
Obama: Voted to leave gun-makers and dealers open to suit. Also, as Illinois state lawmaker, supported ban on all forms of semiautomatic weapons and tighter state restrictions generally on firearms.
HEALTH CARE
McCain: $2,500 refundable tax credit for individuals, $5,000 for families, to make health insurance more affordable. No mandate for universal coverage. Would no longer shield from income taxes those payments that businesses and their workers make toward employer-sponsored health insurance. Tax Policy Center estimates overall plan's cost at $1.3 trillion over 10 years.
Obama: Mandatory coverage for children, no mandate for adults. Aim for universal coverage by requiring larger employers to share costs of insuring workers and by offering coverage similar to that in plan for federal employees. Proposes spending $50 billion on information technology over five years to reduce health care costs over time. Tax Policy Center estimates overall plan's cost at $1.6 trillion over 10 years.
IMMIGRATION
McCain: Sponsored 2006 bill that would have allowed illegal immigrants to stay in the U.S., work and apply to become legal residents after learning English, paying fines and back taxes and clearing a background check. Now says he would secure the border first. Supports border fence.
Obama: Voted for 2006 bill offering legal status to illegal immigrants subject to conditions, including English proficiency and payment of back taxes and fines. Voted for border fence.
IRAQ
McCain: Opposes scheduling a troop withdrawal, saying latest strategy is succeeding. Supported decision to go to war, but was early critic of the manner in which administration prosecuted it. Was key backer of the troop increase. Willing to have permanent U.S. peacekeeping forces in Iraq.
Obama: Spoke against war at start, opposed troop increase. Voted against one major military spending bill in May 2007; otherwise voted in favor of money to support the war. Says his plan would complete withdrawal of combat troops in 16 months. Initially had said a timetable for completing withdrawal would be irresponsible without knowing what facts he'd face in office.
TAXES
McCain: Proposes extending all of President Bush's tax cuts and cutting corporate tax rate to 25 percent. Pledged not to raise taxes, then equivocated, saying nothing can be ruled out in negotiating compromises to keep Social Security solvent. Twice opposed Bush's tax cuts, at first because he said they were tilted to the wealthiest and again because of the unknown costs of Iraq war. Now says those tax cuts, expiring in 2010, should be permanent. Nonpartisan Tax Policy Center estimates tax break of $325 for the middle 20 percent of taxpayers -- those making $37,600 to $66,400.
Obama: Raise income taxes on families making over $250,000 and individuals making over $200,000. Raise corporate taxes. $80 billion in tax breaks mainly for poor workers and elderly, including tripling Earned Income Tax Credit for minimum-wage workers and higher credit for larger families. Eliminate tax-filing requirement for older workers making under $50,000. A mortgage-interest credit could be used by lower-income homeowners who do not take the mortgage-interest deduction because they do not itemize their taxes. Nonpartisan Tax Policy Center estimates tax break of $1,118 for the middle 20 percent of taxpayers -- those making $37,600 to $66,400.
-- Calvin Woodward, The Associated Press
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Joe For McCain wrote on Nov 3, 2008 2:32 PM:
stop mccain wrote on Nov 3, 2008 1:04 PM:
stop mccain wrote on Nov 3, 2008 12:58 PM:
StopObamaExpress wrote on Nov 2, 2008 11:23 PM:
StopObamaExpress wrote on Nov 2, 2008 11:05 PM: