Here are selected elements of the candidates' proposals for the economy:

President Bush

* Would make permanent his first-term cuts in income, capital gains and dividend taxes and eliminate the estate tax, at a 10-year cost of $1.2 trillion.

* Would allow younger workers to divert some Social Security taxes to individual investments in stocks and bonds.

* Would establish lifetime savings accounts, in which taxpayers could shield as much as $5,000 a year from taxes on capital gains, dividends and interest, and could withdraw the money at any time, for any purpose, without penalty.

* Would empanel a bipartisan commission to simplify the tax code.

Sen. John F. Kerry

* Would roll back Bush's tax cuts for households making $200,000 or more, and would dedicate the $808 billion in added revenue to education and health insurance.

* Would prohibit companies from deferring tax payments on profits made and kept overseas, and would use the savings to offset a cut in the corporate income tax rate from 35 percent to 33.25 percent.

* Would establish a temporary tax credit for industries affected by the outsourcing of jobs to encourage new hiring.

* Would reestablish rules requiring that new tax cuts and spending proposals be "offset" by revenue raisers or spending cuts.