BUSINESSWEEK ONLINE : FEBRUARY 21, 2000 ISSUE
NEWS: ANALYSIS & COMMENTARY Economics According to McCain SOCIAL SECURITY Vows to fix the system in his first year as President. He would dedicate $500 billion over 10 years to make it solvent and allow workers to invest up to 20% of their payroll tax in private accounts, but McCain would let a bipartisan commission work out details. TAXES Would cut taxes by $497 billion over 10 years, a third as much as Bush. McCain gears cuts to the middle class with less for the poor and rich, and plans gradual shift to a flat tax. Key provision: expanding the 15% bracket to couples earning up to $70,000. INTERNET TAXES Would permanently ban sales taxes on Internet purchases. Bush would extend the current congressional moratorium on new Internet levies but leave existing sales taxes in place. HEALTH CARE Would spend at least $70 billion to shore up Medicare. Backs a limited drug benefit for seniors, administered through states. Says HMO patients should have the right to sue. Favors new tax breaks for long-term care and health insurance, including expanded Medical Savings Accounts. DATA: McCAIN2000, BUSINESS WEEK _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS Against the Grain, McCain Style TABLE: Economics According to McCain The Engineer inside McCain's Money Machine INTERACT E-Mail to Business Week Online

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