-People continue getting paid low wages as the prices go up
-Tax cuts are being put on the more wealthy families in the United States
-Seniors who are retired cant pay all the bills, due to the lack of their yearly income
President Obama’s plan consists of many obstacles he has to take on in order to get our economy back on track and to jumpstart it as well. First, President Obama and our vice president Joe Biden will windfall profits on excessive oil using countries to help american families by immediately giving them one thousand dollars for emergency rebate to help get struggling families pay off their uplifting bills. This means that the government will deduct the cost of a lot of oil being used so that they can help support needy families. He is also planning to provide twenty five billion dollars to our country to try to prevent about one million Americans from losing their jobs.
Since their were only being tax cuts on the upper class Americans, his plan now will make tax cuts on all working families. They are restoring fairness to America, by only putting tax cuts on middle class people who need it more than the wealthy.
Not only that but Presient Barack Obama will also give tax relief to one hundred and fifty million workers. President Obama and Joe Biden are in the process of creating a new “Making Work Pay” where people could be paid up to 500 dollars singley and 1000 dollars to working families. In several of Barack’s public speeches he had said he would like to get as many people he possibly can off the streets and in to a proper home. He will do this by donate money to those who need a home.. He would also like to eliminate income taxes for seniors who get less than fifty thousand dollars per year. With that being said, he wants to propose this offer to seven million seniors and give them the average savings one thousand four hundred dollars.
Barack Obama thinks that he should make tax fileing basic for middle class Americans. President Obama and Joe Biden will ensure that tax collectors use the information already given to them by the tax payers banks, employers so they can have the option to pre-filled forms. This plan that president Obama has put out is expected to work and our economy should end up back on track.