Sunday, November 9, 2008

Barack Obama's Economic Jumpstart Plan

Millions of Americans voted for Barack Obama and millions did not. He still is going to be our next president and what he does can have a big impact on our families. In an effort to help you understand what his plans are for the economy, I have included his plan to "jumpstart the economy". The following has been taken directly from his site. If you would like more information about his economic and other such plans you should visit his site.

Barack Obama and Joe Biden's Plan Jumpstart the Economy

Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families:Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief.

Provide $50 billion to Jumpstart the Economy and Prevent 1 Million Americans from Losing Their Jobs: This relief would include a $25 billion State Growth Fund to prevent state and local cuts in health, education, housing, and heating assistance or counterproductive increases in property taxes, tolls or fees. The Obama-Biden relief plan will also include $25 billion in a Jobs and Growth Fund to prevent cutbacks in road and bridge maintenance and fund school re­pair - all to save more than 1 million jobs in danger of being cut.

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