Thursday, October 16, 2008

Pennsylvania-Palin promises tax-cut during Scranton visit

Visiting Northeast Pennsylvania for the first time, Republican vice presidential nominee Sarah Palin touted the new economic plan running mate John McCain unveiled Tuesday...... The new economic plan would get the nation “through a time of testing” and put “the economy back on track,” she said.
“Under this plan, we’ll help American families keep their homes and save family neighborhoods and bring stability to our housing market,” Mrs. Palin said.The plan seeks to reduce to 10 percent the tax on senior-citizen withdrawals from retirement accounts in 2008 and 2009, reduce to 7.5 percent the capital gains tax in 2009 and 2010 and quintuple deductions of capital losses. It is meant to supplement Mr. McCain’s call last week for a $300 billion government purchase of troubled mortgages.Mrs. Palin’s 29-minute speech was frequently interrupted with applause or chants of “Sarah! Sarah! Sarah!” ........... Full Report:The Times Tribune

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