Candidates and the economy

February 1, 2008 3:48:46 PM PST
Everything from the mortgage crisis to the falling Dow to higher gas prices has Americans worried about a recession. Can the economy be protected, even jumpstarted? Here's what the candidates would do to help your wallet.

The Republicans say the main key is tax cuts. John McCain would end the alternative minimum tax, add middle class tax cuts and limit government spending.

Mike Huckabee says he'd join tax cuts with job retraining programs and tougher trade agreements.

Mitt Romney would let families making less than 200-thousand dollars keep all the income from investments and inheritance, tax free.

Democrat Barack Obama would roll back the Bush tax cuts on people making more than 250-thousand dollars and raise capital gains taxes. But he says cut 80-billion in taxes for the middle and working class.

Hillary Clinton would offer 40-billion in similar tax cuts. She would also spend 70-billion to cushion the housing crisis, give heating grants to the poor, add unemployment insurance and create jobs.