McCain Vows to Whip Obama's 'You-Know-What' in Debate

ARLINGTON, Va. (AP) -- Republican John McCain's campaign is sending mixed signals about whether the candidate will offer new proposals to address the financial crisis.

On Sunday, Sen. Lindsey Graham, R-S.C., a top adviser to McCain, said the presidential candidate was considering a reduction in taxes on investments, including a possible cut in the capital gains tax. But campaign spokesman Tucker Bounds said McCain would not announce any specific proposals during campaign stops Monday in Virginia, North Carolina and Pennsylvania. He added, "We will likely have further proposals this week as economic news and conditions change."

McCain refused to answer a reporter's question Sunday about what plans he might be considering.

Addressing several dozen volunteers at his campaign headquarters outside Washington, McCain promised some of his signature "straight talk" about the state of the race. National and many battleground state polls have shown him trailing Obama amid the deepening market crisis.

"We're a couple points down, OK, nationally, but we're right in this game," McCain said to cheers. "The economy has hurt us a little bit in the last week or two, but in the last few days we've seen it come back up because they want experience, they want knowledge and they want vision. We'll give that to America."

McCain said he and running mate Sarah Palin would continue campaigning hard in the three weeks left before Election Day, in places like Ohio, Pennsylvania, New Mexico, Nevada and Colorado. The two planned a joint appearance Monday in Virginia, a Republican stronghold turned battleground this time.

"We're going to spend a lot of time and after I whip his you-know-what in this debate, we're going to be going out 24/7," McCain said of Democratic rival Barack Obama.

The two men will debate Wednesday at Hofstra University on Long Island, N.Y. CBS News anchor Bob Schieffer will moderate the 90-minute forum.

Still, McCain promised to run a "respectful" campaign in the weeks to come.

"I respect Senator Obama, we will conduct a respectful race and be sure everyone else does too. But there are stark difference between us," McCain said.

Graham, on CBS' "Face the Nation" said the GOP candidate was considering policy proposals that would cut taxes on investments.

"I think it goes along the lines of now's the time to lower tax rates for investors, capital gains tax, dividend tax rates, to make sure that we can get the economy jump-started," Graham said on CBS' "Face the Nation." "It will be a very comprehensive approach to jump-start the economy by allowing capital to be formed easier in America by lowering taxes."

McCain already has laid out proposals to address the crisis, including a $300 billion plan for the federal government to buy distressed mortgages and renegotiate them at a reduced price.


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