Obama proposes new economic recovery measures
Barack Obama proposed a series of new economic rescue measures, including temporary tax credits and penalty-free withdrawal from retirement accounts.
By PTI |
TOLEDO: US Democratic presidential candidate Barack Obama on Monday proposed a series of new economic rescue measures, including temporary tax credits and penalty-free withdrawal from retirement accounts.
Obama's campaign released a fact sheet and excerpts from a speech he will give later in the day outlining the new economic proposals.
They include a temporary tax credit for companies that create new jobs in the United States over the next two years; penalty-free withdrawals from some retirement accounts and a 90-day foreclosure moratorium for homeowners who are living in their homes and making good-faith efforts to pay their mortgages.
Obama's campaign released a fact sheet and excerpts from a speech he will give later in the day outlining the new economic proposals.
They include a temporary tax credit for companies that create new jobs in the United States over the next two years; penalty-free withdrawals from some retirement accounts and a 90-day foreclosure moratorium for homeowners who are living in their homes and making good-faith efforts to pay their mortgages.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
