FACTBOX: Presidential candidates on the economy

Mon Mar 17, 2008 9:31am EDT

(Reuters) - Following are some recent comments on economic policy from the U.S. presidential candidates.

DEMOCRATIC NEW YORK SEN. HILLARY CLINTON

Clinton has unveiled a plan that she says would save $55 billion by taking on corporate interests such as drug and oil companies and Wall Street. It would overhaul credit card regulations to shield consumers from high fees and sudden rate hikes.

She has proposed a retirement savings plan for lower- and middle-class families that would include tax credits as incentives for savings.

Her health-care plan would require all Americans to have health insurance, either keeping existing coverage or choosing from private insurance options available to members of Congress. Individuals could also choose a public plan similar to Medicare.

On China, Clinton has said tougher import standards are necessary to keep consumers safe. "We also have to deal with their currency situation," she said.

DEMOCRATIC ILLINOIS SEN. BARACK OBAMA

Obama says he would create 5 million new jobs in the green energy sector and establish an infrastructure bank to spend $60 billion over a decade to repair deteriorating roads, bridges and waterways. He says he would raise taxes on corporations and wealthy individuals and end the Iraq war to pay the bill.

Obama has called for a refundable tax credit worth $4,000 for college tuition every year, and wants to automatically enroll workers in retirement plans to boost savings.

He has proposed a national public insurance program to allow individuals and small businesses to buy affordable health care similar to that available to federal employees.

He said if trade partners are manipulating their currencies, "we take them to the mat on this issue. It means that we are also not running up deficits and asking China to bail us out and finance it, because it's pretty hard to have a tough negotiation when the Chinese are our bankers."

REPUBLICAN ARIZONA SEN. JOHN MCCAIN

McCain supports making permanent the 2001 and 2003 income tax cuts and has proposed cutting the corporate tax rate from 35 percent to 25 percent and allow businesses to immediately write off capital expenses.

He has also promised to veto any spending bills that contain the congressional pet projects known as "earmarks."

On health care, McCain would offer a refundable tax credit of $2,500 or $5,000 for families. His plan would promote open health-care markets by letting providers practice nationwide, rather than restricting them regionally.

McCain is a staunch defender of free trade but has proposed making worker-retraining programs more effective for those displaced by global trade.

(Compiled by Andy Sullivan; Editing by Eric Walsh)

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