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Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.
Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.
Raise the Minimum Wage: Barack Obama will raise the minimum wage, index it to inflation and increase the Earned Income Tax Credit to make sure that full-time workers earn a living wage that allows them to raise their families and pay for basic needs.
Ensure More Accountability in the Subprime Mortgage Industry: Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect consumers against abusive lending practices. Obama's STOP FRAUD Act provides the first federal definition of mortgage fraud, increases funding for federal and state law enforcement programs, creates new criminal penalties for mortgage professionals found guilty of fraud, and requires industry insiders to report suspicious activity.
Establish a Credit Card Bill of Rights to Protect Consumers: Obama will create a Credit Card Bill of Rights to protect consumers. The Obama plan will:
Ban Unilateral Changes
Apply Interest Rate Increases Only to Future Debt
Prohibit Interest on Fees
Prohibit "Universal Defaults"
Require Prompt and Fair Crediting of Cardholder Payments
Invest in the Sciences: Barack Obama supports doubling federal funding for basic research and changing the posture of our federal government from being one of the most anti-science administrations in American history to one that embraces science and technology. This will foster home-grown innovation, help ensure the competitiveness of US technology-based businesses, and ensure that 21st century jobs can and will grow in America.
Originally posted by West Coast
Originally posted by vatoloko
If people like you don't change your idiotic way of thinking we are gonna parish
together as fools. You are truly lost and truly blind my friend. People with only a naive
perception of the world don't make the world dangerous.
It would appear that the only fool here is the one who is ignorant of current world affairs and realities.
If America is the most powerful nation on earth why don't it use it's power to
make earth a better place, by making people recognize true evil, or leading by
I do not proclaim the United States to be perfect. But even with all our imperfectness, you would be hard pressed to find a nation that has done more positive good for this world, than any other single nation at any time in history.
Smart people like you are steering the world towards total destruction with
your way of thinking. Don't you think it's time to hit the brakes? Let's see how smart you are.
The problem with strategically disarming yourself is making sure the other side is willing to do the same. This assumes the other side has more to gain than to lose by doing this. We do not yet live in a world where this is, or can be, a reality. Too many Americans (such as Mr.Obama) are being astonishingly naive and self-loathing in thinking that if not for the current 'US foreign policy', the world would be peaceful and prosperous, and without war. This simply is not true.
You are not smart because you crashed, you didn't hit the brakes.
The only real fool is the one who is trying to wash away blood with more blood.
The only real fool fails to understand that we are heading towards total destruction
and is not planning to hit the brakes.
America is positive? Are stupid, evil or both? America has gone to war with far
more country than any country on earth. America is the first country that used
the nuclear bomb against humans, great country. America is like a man that
helps an old lady across the street, turns around and throws a hand grenade in a group of people. I can write a whole bible revealing Americas evil actions. You sound like
you are a victim of mass brainwashing, you are still sleeping, you are still a zombie
my friend. If America was a person that person would be in prison, in a mad house or
even dead. You are blind to true evil, you can't even protect your own mind,
let alone your country. This will be the last time that I will answer you, I am
gonna use my time thinking about how I am gonna cure and save people like you from
harming themselves and others. If you love yourself, if you truly love your country
seek professional help.
[edit on 9-9-2008 by vatoloko]
t seems that setting minimum wage to a realistically livable level would have the effect of reducing the number of dependents on entitlement programs such as Food Stamps, because they would no longer qualify for them.
Putting the onus on corporations to do this would mean it would never happen. Corporations, especially public ones, only work in the interest of increasing the bottom line. How do you increase the bottom line (profit) of a business? Keep wages where they are (or cut), find the cheapest way to build your product in the shortest amount of time possible.