Based on the analysis of survey data collected on the eve of Taiwan’s 2008 presidential election, our study seeks to clarify the effects of the following factors on the island citizens’ voting behavior: (1)Taiwanese identity, (2)expected benefits from cross-Strait economic exchanges, and (3)the perceived likelihood of China’s use of military force. The findings show that, in addition to party identification, both Taiwanese identity and expected economic benefits have important effects on the islanders’ vote choices. Unexpectedly, China’s military threats played an insignificant role in voters’ decisions. Because Taiwanese identity and expected economic benefits are at the center of the political discourse on cross-Strait relations, future interactions between Taiwan and China will continue to play a significant role in the island’s politics.