Where McCain and Obama Stand on Economic Issues

From taxes to gas prices, this is what the presidential candidates believe.

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Obama
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McCain
Taxes

"It is true that I would roll back the Bush tax cuts on the wealthiest Americans back to the level they were under Bill Clinton, when I don't remember rich people feeling oppressed."

Obama would also give a $1,000 tax credit to working families.

"Jobs are the most important thing our economy creates. When you raise taxes in a bad economy, you eliminate jobs. I'm not going to let that happen."

McCain wants to make the Bush tax cuts permanent, cut corporate taxes, and repeal the alternative minimum tax.

Spending

"We are not going to be able to dig ourselves out of that hole in one or two years. But if we can get on a path of sustained growth...then I think we can return to a path of a balanced budget."

Obama would reinstate pay-as-you-go federal budget rules.

"A government that spends wisely and balances its budget is a catalyst for economic growth and the creation of good and secure jobs."

McCain plans to balance the budget in four years by cutting the growth of discretionary domestic spending and eliminating earmarks.

Energy Prices

"When you look down the road five years from now or 10 years from now, do you want to see an America that's begging dictators for more oil that we can't afford?"

Obama proposes investing $150 billion over 10 years in green technologies. He would also create a clean-energy venture capital fund.

"If we don't act now to break our strategic dependence on foreign oil, we are putting...our economy...at grave risk."

McCain proposes more domestic oil drilling, building 45 nuclear power plants, and investing $2 billion a year to develop clean-coal technology.