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歌手名：economics report
歌曲名：the candidates on the economy
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手机铃声免费下载网Economics Report - The Candidates on the Economy
High food and fuel prices.
Housing and credit problems.
Job losses.
Worries about a recession.
No wonder the economy is a top issue for American voters.
Senator John McCain says
tax cuts are needed for growth.
The Republican presidential candidate
set out his economic plan in a speech
this week in Pennsylvania.
He would push Congress
to make President Bush＇s tax cuts permanent.
And he would aim to lower the top rate of income tax for businesses,
from thirty-five percent
to twenty-five percent.
In all, Senator McCain proposes
about two hundred billion dollars
in new tax cuts for businesses and individuals.
To help pay for them, he would cut earmarks,
those special interest projects added to spending bills.
He would also hold federal spending
at most agencies to current levels
and cut wasteful programs.
But many experts say
it is unlikely these cuts would equal the cost of the tax cuts.
The campaigns of Democrats Barack Obama
and Hillary Clinton dismissed the McCain plan
as a continuation of George Bush＇s policies.
Both Democrats say they are against tax cuts for the wealthy.
They propose moderate tax cuts
for the middle class.
Right now,
falling property values are a big worry for
millions of families.
Some people who borrowed more for
houses than they should have,
or took out loans with rising payments,
may lose their homes.
手机铃声免费下载网This week, researchers from
the Pew Charitable Trusts predicted
that three percent of all homeowners will be in foreclosure in the next few years.
This would be the result of high-cost subprime loans made in two thousand five
and two thousand six,
and the effects on local property values.
Problems can be found nationally,
though some areas and neighborhoods
are more affected than others.
Hillary Clinton proposes to stop
foreclosures for at least ninety days
and freeze interest rates on adjustable-rate mortgages
for five years.
She also proposes thirty billion dollars
in aid to help states prevent foreclosures.
Barack Obama＇s plan calls for ten billion dollars for homeowner aid.
Last month,
John McCain said ＂it is not the duty of government
to bail out and reward those who act irresponsibly,
whether they are big banks or small borrowers.
＂ But he now proposes to let some homeowners replace
their subprime mortgages
with federally guaranteed loans.
His campaign says
the plan would help up to four hundred thousand homeowners.
And that＇s the VOA Special English Economics Report,
written by Mario Ritter. I＇m Steve Ember.
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