Obama's plan calls for raising taxes only on the 5 percent of people who make more than $250,000 a year. The nonpartisan Tax Policy Center found that under Obama's approach the wealthiest 1 percent of taxpayers would see their taxes go up on average by $93,709 in 2009,
For McCain, those same wealthy taxpayers would see an average reduction of $48,860.
Obama is proposing tax cuts for those making less than $200,000 a year.
Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs.
With the economic turmoil weighing down his Republican presidential rival, Obama also proposed allowing people to withdraw up to $10,000 from their retirement accounts without any penalty this year and next.
The Democratic presidential candidate said his proposals, with a price tag of $60 billion over two years, can be enacted quickly, either through the government's regulatory powers or legislation that Congress could pass in a special session after the election.
"I'm proposing a number of steps that we should take immediately to stabilize our financial system, provide relief to families and communities and help struggling homeowners," Obama told a crowd of 3,000. "It's a plan that begins with one word that's on everyone's mind, and it's spelled J-O-B-S."
Fuck Obama he is an illuminati tool, they tryin to keep our minds off of what's happening everyday with bullshit. Obama is no better than bush. Do you think our country is gonna change from one dude? He'll no. It's too many people that won't let him or whoever change their plan... Get money fuck bitches
419trappin 1 year ago
Sound like I should make money, but no I lost all my saving. now.
jnnycliff 1 year ago
I doubled my income in eight years under Bush.
It took Obama in office two months for me to lose my job Friday.
Thanks Obama, now you have yet another person needing to live off the public dole.
fahs 2 years ago 2
This economy is suffering more and more. That's why I choose to make money online from my home with a MUCH more reliable system that is NEW!!!
RealJobOnline 3 years ago
the ohio state flag dumbass
richsoncd 3 years ago
What's with those funky flags behind him?
harrytm1 3 years ago
The Republicans are full of shit. They get their statistics out of their ass. Mccain lied to me, He promised me work, a job, money, beer, and tons of girls...the big dream. And he LIED! What a screw up!
Vote OBAMA
see my videos for the truth about Mccain.
909pleasantville 3 years ago
He is full of shit, the democrats right now are trying to take peoples 401k money and force it into social security. That is a bill being proposed right now. That is called smoke and mirrors, He showing you one thing while doing somethign totally different, right in front of you. It's all hype. he will cost jobs in this country.
Scaredycrat 3 years ago
3,000 dollars over two years, that should get
jobs jumping, what a joke. That will no where near cover the cost of the increases he is proposing. Not to mention they are trying to make it eaiser for unions to sneak in the back door of companies, that bill alone will cost thousands of jobs. As Joe Biden said MARK MY WORDS.
Scaredycrat 3 years ago
Love it!
bfg15000 3 years ago