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-   -   Obama proposes "Middle Class Rescue Plan" (https://gfy.com/showthread.php?t=861641)

Snake Doctor 10-13-2008 12:19 PM

Obama proposes "Middle Class Rescue Plan"
 
source http://firstread.msnbc.msn.com/archi...3/1540454.aspx

Quote:

OBAMA'S MIDDLE CLASS RESCUE PLAN
JOBS.
(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 (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

MAKE LOANS AVAILABLE.
(1) Create a Small Business Lending Fund (already proposed)

SoloGirlsContent 10-13-2008 01:29 PM

Quote:

Originally Posted by Snake Doctor (Post 14891007)

:thumbsup:thumbsup:thumbsup

PornMD 10-13-2008 01:58 PM

Good for him, though I have to ask: Is this the first time he's ever introduced an idea? I had kept hearing he's never authored a bill or anything, and it just strikes me funny he's coming out with this now. It reminds me of a baseball player hitting 40 homers in their contract year, and I just wonder if once Obama gets the presidency, he'll still be doing this.

tony286 10-13-2008 02:14 PM

Quote:

Originally Posted by PornMD (Post 14891650)
Good for him, though I have to ask: Is this the first time he's ever introduced an idea? I had kept hearing he's never authored a bill or anything, and it just strikes me funny he's coming out with this now. It reminds me of a baseball player hitting 40 homers in their contract year, and I just wonder if once Obama gets the presidency, he'll still be doing this.

not true he did authored bills.
http://www.freerepublic.com/focus/news/2077128/posts


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