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Obama Job Creation Package. See the President's Key Proposals

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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-09-09 11:44 AM
Original message
Obama Job Creation Package. See the President's Key Proposals
http://www.huffingtonpost.com/2009/12/09/obama-job-creation-packag_n_385292.html

Small Business Incentives

_Eliminating capital gains taxes on new investments in small businesses through 2010 if the investments are held for at least five years.

_Extension through 2010 of a law that allows small businesses to take immediate tax write-offs on up to $250,000 of qualified investments.

_An employment tax cut through 2010 to encourage small business hiring.

_Making Small Business Administration loans more readily available by eliminating fees and increasing federal loan guarantees in 2010.

Roads, Bridges and Other Infrastructure

_Up to $50 billion in new spending on ready-to-go construction projects.

_New merit-based procedures to select infrastructure projects for financing.

Energy Efficiency Investments

_Rebates for homeowners to make energy efficient improvements.

_Expansion of programs that use federal money to leverage private investments in industrial and manufacturing projects that use clean energy.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-09-09 11:46 AM
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1. The tax cuts for business should be tied to hiring
The business should only be eligible if they hire people.
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derby378 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-09-09 11:47 AM
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2. It's a start...
...but I have a feeling our infrastructure needs more than just $50 billion.
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Clio the Leo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-09-09 11:55 AM
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3. But what's he doing for the little guy!
(heh)
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