DENVER , Colorado ( CNN ) -- Democratic presidential nominee Sen. Barack Obama called his acceptance speech on Thursday `` the American Promise . '' It included a list of promises for change that he said , `` We need right now . '' Sen. Barack Obama addresses the Democratic National Convention in Denver , Colorado . Here is a look at what Obama said he would do , if elected , about a variety of topics : . Taxes . Obama said he would : . • Cut taxes `` for 95 percent of all working families . '' • `` Eliminate capital gains taxes for the small businesses '' and start-ups `` that will create the high-wage , high-tech jobs of tomorrow . '' • Advocate `` a tax code that does n't reward the lobbyists who wrote it , but the American workers and small businesses who deserve it . '' • `` Stop giving tax breaks to corporations that ship jobs overseas '' and `` start giving them to companies that create good jobs right here in America . '' Energy . Obama said he would : . • Set a goal that `` in 10 years , we will finally end our dependence on oil from the Middle East . '' • `` Tap natural gas reserves , invest in clean coal technology and find ways to safely harness nuclear power . '' • `` Help our auto companies retool , so that the fuel-efficient cars of the future are built right here in America . '' Watch Obama 's acceptance speech » . • Make it easier for Americans to afford U.S.-built , fuel-efficient cars . • Have the federal government `` invest $ 150 billion over the next decade in affordable , renewable sources of energy -- wind power and solar power and the next generation of biofuels . '' Doing so , he said , would `` lead to new industries and 5 million new jobs that pay well and ca n't ever be outsourced . '' Education . Obama said he would : . • `` Finally meet our moral obligation to provide every child a world-class education . '' • Find more money for early childhood education and recruit teachers with better pay while also pushing `` higher standards and more accountability . '' • Make sure young Americans can afford college if they serve their community or country . See the highlights of the Democratic convention 's last day » . Health care . Obama said he would : . • `` Finally keep the promise of affordable , accessible health care for every single American . '' • Lower premiums for those who have health care and let those without coverage `` get the same kind of coverage that members of Congress give themselves . '' • Make sure insurance companies `` stop discriminating against those who are sick and need care the most . '' Labor law . Obama said he would : . • Provide paid sick days and `` better family leave '' for workers . • Close the pay gap between the sexes . Bankruptcy law . Obama said he would : . • Change bankruptcy law `` so that your pensions are protected ahead of CEO bonuses . '' Federal spending . Obama said he would : . • Pay for `` every dime '' of his plans ' costs `` by closing corporate loopholes and tax havens that do n't help America grow . '' • Cut federal programs that do n't work and improve those that do while reducing their costs . National defense . Obama said he would : . • `` End this war in Iraq responsibly and finish the fight against al Qaeda and the Taliban in Afghanistan . '' • `` Only send our troops into harm 's way with a clear mission and a sacred commitment to give them the equipment they need in battle and the care and benefits they deserve when they come home . '' • `` Rebuild our military to meet future conflicts . '' Foreign relations . Obama said he would : . • `` Restore our moral standing '' in the world . • Provide `` tough , direct diplomacy that can prevent Iran from obtaining nuclear weapons and curb Russian aggression . '' • `` Build new partnerships to defeat the threats of the 21st century : terrorism and nuclear proliferation , poverty and genocide , climate change and disease . '' Abortion . Obama said he would : . • Work with people on all sides of the issue to reduce unwanted pregnancies . Gun control . Obama said he would : . • Uphold the Second Amendment but also keep `` AK-47s out of the hands of criminals . '' Gay rights . Obama said he would : . • Help ensure that gays and lesbians have the right `` to visit the person they love in the hospital and to live lives free of discrimination . '' Illegal immigration . Obama said he would : . • Pursue policies that do n't result in separated families . • Discourage companies from undercutting American wages by hiring illegal workers .
President Barack Obama vows to cut taxes ` ` for 95 percent of all working families '' Obama sets out to end U.S. dependence on foreign oil in 10 years . Democratic Party urges ` ` affordable , accessible health care '' for all Americans . Obama promises to make Iraq war ` ` responsibly , '' finish fight in Afghanistan .