All Posts Tagged With: "Economic Plans"

Voters Give Obama Slight Edge on Economy

The U.S. stock market would fare better after a victory by Republican presidential candidate John McCain than by his Democratic rival Barack Obama, according to a majority of economists at U.S. banks and research groups polled by Reuters.

Regarding their respective economic plans 12 economists gave McCain’s proposals higher marks, while nine rated the two candidates equally and eight preferred Obama’s policies, according to the poll released on Wednesday.

The sample included a cross-section of U.S. financial institutions, large and small, including several prominent Wall Street names.

A key concern is Obama’s promise to increase taxes on dividends and capital gains, and allowing income tax cuts enacted under President George W. Bush’s administration to expire. McCain wants the income tax cut to become permanent and has promised not to increase taxes on dividends and capital gains.

The poll gave Obama a slight over McCain on the question of who would best manage the economy.