A Voter's Guide to the Economy

As incomes stagnate, energy costs escalate, mortgages reset and lending tightens, voters say they are getting more worried about the economy spiraling — taking their standard of living along with it. To reverse those trends, the next President will have to come up with creative solutions to five big economic challenges: spending, taxes, trade, health care and energy. Here's how the candidates would take on those issues.

Senator John McCain

Republican Presiential candidate, Arizona Senator John McCain, after wining the Florida Primary, speakes to his supporters in Florida.

Christopher Morris / VII for TIME
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We need reforms that promote growth and opportunity.

He has reinvented himself as a classic economic conservative, favoring new tax cuts partly paid for by reducing spending, but not on the war in Iraq

SPENDING: The federal debt has grown 50% under Bush. How would the candidates balance the budget?

Calls for a one-year halt to most discretionary-spending increases but no longer pledges to balance the budget by his first term's end.

TAXES: Should Bush's tax cuts for families making more than $250,000 be eliminated?

Wants to keep Bush's tax cuts. Would kill the alternative minimmum tax and lower the corporate tax rate from 35% to 25%.

TRADE: Free trade leads to growth, but there are costs too. Should there be limits.

A staunch supporter of free trade, he says open markets create opportunity and are better for the economy in the long run.

HEALTH CARE: What would the candidates do about soaring costs and the 47 million uninsured?

Would push for cost containment but says government should not control the health-care industry or issue mandates for coverage.

ENERGY: All agree that energy independence is a worthy goal. How will the candidates get there?

Says a market-based cap-and-trade program will spurthe use of alternative-energy resources; encourages nuclear power.

View the full list for "A Voter's Guide to the Economy"