Organizing for America | Blog de Obama: Focus: Economy

Focus: Economy

By New Media Dept. - Nov 2nd, 2008 at 6:46 pm EST

Also listed in: Latinos for Obama

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Latino families have been disproportionally affected by the recent economic downturn and housing crisis. Senator Barack Obama’s economic plan includes measures to help Latino families by offering a middle-class tax cut three times the size of John McCain’s. The Obama-Biden economic plan also promotes job creation by offering tax credits to startups and small businesses that create good jobs in the United States. The economic plan includes a number of specific proposals that fall into three main areas:

Tax Relief for Working Families

Obama and Biden will restore fairness to the tax code and provide 95 percent of working Americans the tax relief they need. They will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family.

Tax Relief for Small Businesses and Startups

Obama and Biden will eliminate all capital gains taxes on startup and small businesses to encourage innovation and job creation.

Fight for Fair Trade

Obama and Biden will fight for a trade policy that opens up foreign markets to support good American jobs. They will use trade agreements to spread good labor and environmental standards around the world.

In this video, Senator Barack Obama talks about several aspects of his economic plan:

Read more about the Obama-Biden economic plan. You can also read the Obama-Biden plan for small businesses, the plan to protect homeowners, or view a side-by-side comparison of the candidate’s economic plans.

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