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McCain rolls out 52.5 billion in economic relief proposals
Republican presidential candidate John McCain unveiled a 52.5 billion set of economic relief ideas targeting seniors workers and the unemployed. The plan includes a 10 percent tax rate on the first 50 000 withdrawn from IRAs or 401 k plans for 2008 and 2009 and a 60 billion package offering tax credits to spur hiring while loosening early withdrawal penalties on retirement accounts.
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