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President Barack Obama speaks about the 2,000th project approved through the ARRA. The president is joined by Vice President Joe Biden and Secretary of Transportation Ray LaHood. Senate Republicans forced a near unprecedented level of changes (near $150 billion) in the House bill, which had more closely followed the Obama plan.
According to the Tax Policy Center, the Obama plan provides three times as much tax relief for middle-class families as the McCain plan. [235] Obama's plan includes a temporary "Making Work Pay" program, which gives a tax credit at 6.2% of earned income up to $400 for single workers (making less than $75,000/yr), and an $800 for married couples ...
The bill was a counter-proposal to the American Recovery and Reinvestment Act of 2009 introduced by President Barack Obama. [1] HR 470 proposes to stimulate the economy without new government spending by implementing a permanent five-percentage point income tax cut for all taxpayers; it also would make permanent current capital gains and dividend tax rates at 15% (current law will allowing ...
The Obama administration is not considering a second stimulus package as it seeks ways to jump-start the flagging U.S. economy, a White House spokeswoman said Thursday. Sponsored Links Obama said ...
One of President Obama's accomplishments during his first 100 days was the passage of a $787 billion stimulus plan. I think the idea of economic stimulus makes sense when an economy is in the ...
Obama and Raul Castro reversed over 60 years of tension between the U.S. and Cuba by restoring diplomatic ties. 4. He urged states in 2013 to raise the minimum wage to $10.10 an hour.
In January 2009, the Obama administration announced a stimulus plan to revive the economy with the intention to create or save more than 3.6 million jobs in two years. The cost of this initial recovery plan was estimated at 825 billion dollars (5.8% of GDP).
That approach subsequently shifted to a longer-term stimulus plan, with a goal of creating 2.5 million jobs over a two-year period. With a cost of $700 to $800 billion, the stimulus plan would cost more than a quarter million dollars per job created (divide 750 billion by 2,500,000 yielding $300,000). [113]
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