Barack Obama's Plan to Stimulate the Economy plan would:
* Provide an immediate $250 tax cut for workers and their families.
* Provide an immediate, temporary $250 bonus to seniors in their Social Security checks.
* Provide an additional $250 tax cut to workers and an additional $250 to seniors if the economy continues to worsen
* Provide relief to homeowners hit by the housing crisis.
* Provide aid to states hardest-hit by the housing crisis to avoid a slash in services.
* Extend and expand Unemployment Insurance.
President Obama's economic plan will give a $75 billion BOOST! Most will go into the economy in the form of tax cuts and direct spending to the people who need it most.
Obama's proposal will immediately provide stimulus using means that do not require lengthy governmental or administrative delays. The plan also reserves an additional $45 billion of stimulus that can be released into the economy quickly in the future if the economy continues to go belly up further into a recession.
1 comment:
It sounds good when all added together, but what is $250 going to do for anybody. That isn't going to cover most peoples bills for one month besides rent! Most will blow it in various ways that will not bring enough of an impact on any single area in the economy. If we are drowning don't throw me a raft that has a 10 minute lifespan. We need to change our attitudes and stop this bailout philosophy is going to create problems our children's children will never solve. He might be a new president but its the same old game .... NADER!!!
Post a Comment