FACTBOX - Energy and tax proposals in Obama speech

29/08/2008 - 0:36

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(Reuters) - Following are energy and tax proposals listed by Sen. Barack Obama in a speech accepting the Democratic Party nomination for president on Thursday, according to excerpts of the speech released in advance.

Energy policy

- Ending U.S. dependence on oil from the Middle East in 10years.

- Tapping U.S. natural gas reserves, investing in cleancoal technology and finding ways to safely harness nuclearpower. Further domestic drilling was just a stop-gap measure,he said.

- Helping U.S. auto companies re-tool so thatfuel-efficient cars of the future would be built in America.

- Investing $150 billion (82 billion pounds) over the nextdecade in affordable, renewable sources of energy, wind powerand solar power and the next generation of biofuels. Obama saidthat would lead to new industries and 5 million new well-payingjobs.

Tax changes

- Reductions that would mean a tax cut for 95% of workingfamilies.

- An end to tax breaks for corporations that move jobsoverseas, and new breaks for companies that create jobs athome.

- Eliminating capital gains taxes for small businesses andstart-up companies, which Obama said would "create thehigh-wage, high-tech jobs of tomorrow." (Editing by DavidStorey and David Wiessler)