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  McCain abandons plan for new tax cuts
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Last EditedRP  Oct 13, 2008 09:01am
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News DateMonday, October 13, 2008 03:00:00 PM UTC0:0
DescriptionPresented with 30 options for new economic measures, Sen. John McCain (R-Ariz.) has – at least for now – chosen none of them.

His campaign had been planning to roll out new proposals this week that would be aimed at restoring confidence in financial markets and encouraging investors to return.

On Sunday, hours before attending a big strategy meeting at McCain campaign headquarters, Sen. Lindsey Graham (R-S.C.) told Bob Schieffer on CBS’ “Face the Nation” that McCain was planning “a very comprehensive approach to jump-start the economy, by allowing capital to be formed easier in America by lowering taxes."

But when the meeting ended, so did plans for a new economy push. The campaign now says no new policy announcements are planned. Participants in the meeting refused to say what happened.

“We’re locked down,” said one official.
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