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? He supports lowering taxes to help small businesses.
? He would cut the corporate tax rate from 35% to 25%.
? McCain supports giving tax breaks to businesses for
investing in equipment and technology.
? He wants to establish a permanent tax credit for research
and development.
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• Obama aims at a longer plan of laying a strong
foundation for future economic growth that will benefit all
Americans. He is working for economic recovery on all fronts.
• He signed the American Recovery and Reinvestment Act
within a month after his 2009 inauguration. This is part of a
plan to save or create 3.5 million jobs. There is also a
proposed tax cut for 95% of the working class. He also plans
on making critical investments in infrastructure.
• The housing crisis which kick started the financial
crisis is being brought under control by offering refinance at
historically low mortgage rates and also to prevent more
foreclosures.
• Obama plans to make significant investments in
healthcare, energy and education to cut costs and generate
revenue for American businesses and families, creating jobs
that cannot be shipped overseas.
• Obama believes in a bottom up economy and not a top
down one. In the former the rules of government and business
are fair and are universally applicable. It leads to an
increase in people's enthusiasm and motivation and Obama
believes this is the key to a growing a prosperous economy
constantly striving for the betterment of its products, people
and nation.
• Spending $12 billion in Iraq will not help America
tide over it's difficulties.
• Obama supports a Credit card Bill of Rights to protect
consumers.
• Obama aims at bringing strict control over corporate
loopholes and tax havens. He calls for reducing tax cuts for
people who don't need thus saving more than $150 billion.
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