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Obama's Middle Class Rescue Plan

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  • Obama's Middle Class Rescue Plan

    (1) Tax breaks for companies that create jobs in U.S. (not new)
    (2) Eliminate capital gains taxes for new small businesses and start ups. (new)
    (3) Fast track loan guarantees for car makers (not new)
    (4) Jobs/Growth fund -- aimed at local municipalities to keep jobs that might have otherwise been cut for budgetary purposes. (new)

    FAMILIES.
    (1) Middle class tax cut (not new)
    (2) Calls on Congress to give rebates by Winter (new)
    (3) Extend employment benefits for those who lost their jobs (not new)
    (4) No taxes on unemployment benefits (new)
    (5) Retirement Savings: Welcomed McCain's proposal to let people withdraw from their 401Ks, but went further: proposing people could withdraw without penalty up to $10,000 from their 401Ks through 2009. (new)

    HOMEOWNERS.
    (1) Mortgage Tax Credit -- worth 10% of mortgages (not sure the specifics)
    (2) Three-month moratorium on foreclosures (new) -- "give people breathing room to get back on their feet.

    INCREASED $ FOR BANKS
    (1) Have Treasury move faster on his plan to inject money directly into banks.

    MAKE LOANS AVAILABLE.
    (1) Create a Small Business Lending Fund (already proposed)
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

  • #2
    ... meanwhile John McCain says we need someone who will fight for us! KArl must be impressed. McCain need fi put country first and vote fi Barrack. Matter of fact, Obama need fi tell him dat at the final debate.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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    • #3
      mccain is calling for america to vote for obama....according to mccain he has obama "right where he wants him"...10 points ahead...what else could it mean!

      Infidelity does not consist in believing, or in disbelieving; it consists in professing to believe what he does not believe. Thomas Paine

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