The Candidate’s Latest Economic Plan

Continuing with the financial crisis, both presidential candidates laid out new economic proposals on Friday.

Mccain and Obama both agree that there should be a temporary lifting of taxes on unemployment insurance benefits. Both also favor eliminating capital gains taxes, although Obama's proposal is aimed more at small businesses and start-ups.

Obama has unveiled a plan to rescue small-business owners that are currently struggling because of the problems in the economy and proposed a program to guarantee loans for them.

Obama also called for new legislation that would give families the option of withdrawing a maximum of 10,000 dollars from retirement savings.

McCain's plan will help seniors by lowering taxes on withdrawals from their retirement accounts and suspending tax rules that force them to sell their stocks during the financial crisis.

Obama's speech