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Economic stimulus
With recession fears dampening consumer confidence, President Bush is pushing Congress to quickly pass a bill that would infuse the economy with cash for individuals and families and inspire corporate growth through tax breaks.
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REPUBLICANS
John McCainWould lower the corporate tax rate from 35 percent to 25 percent. Would allow first-year deduction of equipment and technology investments and establish a permanent research and development tax credit equal to 10 percent of wages spent on R&D.
Watch McCain speak about the economic stimulus
Ron PaulWould reduce the tax burden and eliminate taxes on investment and savings, including corporate taxes. Eliminate wasteful spending. Reduce overseas commitments. Freeze all nondefense, nonentitlement spending at current levels. Expand openness at the Federal Reserve and require it to televise its meetings. Repeal Sarbanes/Oxley regulations that push companies to seek capital outside of U.S. markets. Read more about Paul's economic policies
OUT OF THE RACE: Sam Brownback | Jim Gilmore | Rudy Giuliani | Mike Huckabee | Duncan Hunter | Mitt Romney | Tom Tancredo | Fred Thompson | Tommy Thompson
DEMOCRATS
Hillary ClintonWould establish a $30 billion emergency housing fund to assist states and cities mitigate the effects of mounting foreclosures. Would also include a 90-day moratorium on subprime foreclosures and an automatic rate freeze on subprime mortgages of at least five years. Would provide $25 billion in emergency energy assistance for families facing skyrocketing heating bills. Would invest $10 billion in extending and broadening unemployment insurance for those who are struggling to find work. Would accelerate $5 billion in energy efficiency and alternative energy investments to jump-start green-collar job growth.
Watch Clinton speak about the economic stimulus
Barack ObamaWould pump $75 billion into the economy via tax cuts and direct spending targeted to working families, seniors, homeowners and the unemployed. The plan also includes $45 billion in reserves that can be injected into the economy quickly in the future if the economy continues to deteriorate. Would provide an immediate $250 tax cut for workers and their families and an immediate, temporary $250 bonus to seniors in their Social Security checks. Would provide an additional $250 tax cut to workers and an additional $250 to seniors if the economy continues to worsen. Would extend and expand unemployment insurance.
Watch Obama speak about the economic stimulus
OUT OF THE RACE: Joe Biden | Chris Dodd | John Edwards | Mike Gravel | Dennis Kucinich | Bill Richardson
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The issues that make up American politics have many voices. Here are a few governmental organizations, interest groups and companies from across the political spectrum that are actors in the debate over how best to jumpstart the economy.
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Posted: 05/15/08 11:08 PM, EDT Latest headline Eight Edwards delegates now moving to Obama |
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