civics - Sarah Henthorn 2008 Presidential Election Project...

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Sarah Henthorn 2008 Presidential Election Project Coach Hamilton 5 th November 10, 2008
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Domestic and Foreign Policy Obama o Taxes Opposed extending 2003 Bush tax cut law through 2010 Supports eliminating marriage penalty and extending child tax credit Proposes a “making work pay” tax credit up to $500 per person or $1000 per working family Proposes eliminating income taxes for senior citizens making less than $50,000 per year Reform child and dependent care tax credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for child care expenses o Economy $50 billion emergency economic stimulus plan Provide money for one million jobs for rebuilding and schools, helping local governments avoid budget cuts Homeowner and Financial Support Act Give capital to financial system, and provide liquidity Economic Rescue Plan Existing businesses receive a $3000 refundable tax credit for each additional full time employee hired during 2009- 2010 Small business investment expensing limit to $250,000 through 2009 and eliminating all capital gain taxes on investments Would create $25 billion “Jobs and Growth Fund” to invest in infrastructure, such as roads and bridges, and to save
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civics - Sarah Henthorn 2008 Presidential Election Project...

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