Supported the $700 billion Wall Street bailout package. On October 3, he said: 'America is facing one of the greatest financial crises in history, and today's passage of an emergency rescue plan was absolutely necessary to prevent an economic catastrophe that could have cost millions of jobs and forced businesses across the country into bankruptcy.' Advocates a series of reforms for the financial sector that include new oversight of investment banks, more disclosure by financial firms, higher capital requirements for firms used to operating with a minimal cash backstop, and more consistent rules that apply to all financial institutions, not just regular banks.
How to Hack an Election in 7. Commission—which was formed after the disputed 2000 presidential election that hinged on faulty ballots. In 2008, five labs were.
Supported increasing the federal insurance for money deposited in personal bank accounts to $250,000. Advocates a $50 billion emergency economic stimulus plan. The money would go toward 1 million jobs for rebuilding infrastructure and schools, and helping local governments avoid budget cuts, the campaign says. Proposes a Homeowner and Financial Support Act. 'First, it will provide capital to the financial system. Second, it will provide liquidity to enable our financial markets to function.
And third, it will do what I've been calling for since I supported legislation on it early last spring, which is to get serious about helping struggling families to restructure their mortgages on more affordable terms so they can stay in their homes,' he said during a September speech. Economic rescue plan Proposed existing businesses will receive a $3,000 refundable tax credit for each additional full-time employee hired during 2009 and 2010. Proposed raising the small-business investment expensing limit to $250,000 through the end of 2009 and eliminating all capital gains taxes on investments made in small business. Would create a $25 billion 'Jobs and Growth Fund' to invest in infrastructure, such as roads and bridges, and to save jobs. Called for new legislation that would give families the option of withdrawing as much as 15 percent of their retirement savings --- up to a maximum of $10,000 --- without facing a tax penalty this year or next. Also called for a temporary lifting of taxes on unemployment insurance benefits as a way of giving more relief to families.
Called on the Treasury Department to suspend the required 401(k) and IRA withdrawals for retirees over the age of 70 1/2 years. Proposed a 90-day foreclosure moratorium 'for homeowners acting in good faith' and called for $25 billion for states to help avoid property tax increases. Under the plan, the Federal Reserve and the Treasury would provide much the same kind of backing to state and municipal governments as the recent federal bailout did to the commercial credit market. Says Congress should immediately extend unemployment insurance for an additional 13 weeks to help families that are being hit hardest by the downturn. Advocates closing the loophole in the bankruptcy code 'that allows bankruptcy judges to modify the terms of mortgages on investment properties and vacation homes but not on primary residences' and says the legal liability of mortgage servicers should be clarified 'so that servicers who work with struggling homeowners to modify their mortgages will receive legal protections.'
Says he would balance the federal budget by ending the Iraq war and eliminating the associated expenditures, and ending tax cuts for the wealthy. Advocates rolling back oil speculation and confronting OPEC to bring down oil prices. Would invest in U.S.
Infrastructure - bridges, dams, roads and airports - as a means of creating jobs. Would expand the research and development tax credit and the earned income tax credit.
Download Free Encyclopedia De Hierro Forjado Pdf Converter here. Would crack down on predatory lending and provide tax breaks for small businesses. Supported the $700 billion Wall Street bailout package. 'This rescue bill isn't perfect, and it is an outrage that it's even necessary, but we have to stop the damage to our economy done by corrupt and incompetent practices on Wall Street and in Washington. The action Congress took [on October 3] is a tourniquet. It is not a permanent solution,' he said. Advocates reform of the financial sector. 'The McCain-Palin administration will replace the outdated and ineffective patchwork quilt of regulatory oversight in Washington and bring transparency and accountability to Wall Street,' he said in a statement.