Feenix566
08-01-2008, 11:02 AM
Obama backs tax rebates to help pay energy costs
Fri Aug 1, 2008
ST. PETERSBURG, Florida (Reuters) - U.S. Democratic presidential candidate Barack Obama proposed a package of measures on Friday to help workers fight rising energy costs, including an immediate $1,000 tax rebate for low- and middle-income families.
Obama, trying to shift the focus of his campaign debate with Republican rival John McCain back to the economy, said he would pay for the $65 billion tax package with a 5-year windfall profits tax on oil companies.
The Illinois senator also revamped his proposal for a $50 billion economic stimulus plan to include $25 billion to replenish the highway trust fund and pay for infrastructure improvements that he said could save up to 1 million endangered jobs.
http://uk.reuters.com/article/usPoliticsNews/idUKN0144970820080801
Obama's plan:
1. Take money from oil companies, forcing them to raise gas prices to compensate
2. Give said money to people so they can use it to pay for gas
3. Take money from American taxpayers' paychecks
4. Use said money to provide paychecks to Americans who work for the department of transportation
Makes sense, right? Obama takes your money and gives it back to you, and you're supposed to thank him for it!
Fri Aug 1, 2008
ST. PETERSBURG, Florida (Reuters) - U.S. Democratic presidential candidate Barack Obama proposed a package of measures on Friday to help workers fight rising energy costs, including an immediate $1,000 tax rebate for low- and middle-income families.
Obama, trying to shift the focus of his campaign debate with Republican rival John McCain back to the economy, said he would pay for the $65 billion tax package with a 5-year windfall profits tax on oil companies.
The Illinois senator also revamped his proposal for a $50 billion economic stimulus plan to include $25 billion to replenish the highway trust fund and pay for infrastructure improvements that he said could save up to 1 million endangered jobs.
http://uk.reuters.com/article/usPoliticsNews/idUKN0144970820080801
Obama's plan:
1. Take money from oil companies, forcing them to raise gas prices to compensate
2. Give said money to people so they can use it to pay for gas
3. Take money from American taxpayers' paychecks
4. Use said money to provide paychecks to Americans who work for the department of transportation
Makes sense, right? Obama takes your money and gives it back to you, and you're supposed to thank him for it!