Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Monday, 12.22.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4
 5  6  7  8  9  10  11
 12  13  14  15  16  17  18
 19  20  21  22  23  24  25
 26  27  28  29  30
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Apr 15,2009
Obama restates tax reform efforts
by UPI

WASHINGTON -- U.S. President Barack Obama Wednesday used the deadline U.S. taxpayers face to file their returns to reiterate his commitment to provide tax relief.

Since the $787 billion American Recovery and Reinvestment Act was signed, "we have delivered real and tangible progress for the American people," Obama said after meeting with several families in Washington. "I am proud to announce that my administration has lessened the tax burden on working families while also restoring some balance to the tax code."

The tax cuts included in the economic stimulus plan lower taxes for 95 percent of American workers, Obama said, calling it "the most progressive tax cut in American history."

He said cuts affect 120 million families, putting $120 billion into their wallets, and saving or creating more than a million jobs.

"This tax cut also keeps a fundamental promise: that Americans who work hard should be able to make a decent living," he said.

Obama also pointed to a tax change that affects small-business owners, allowing them to offset losses for five years instead of two. Other tax modifications included in the stimulus include a college tuition tax credit, and a simplification of the federal student loan process.

In addition, "we are helping more Americans purchase homes that they can afford," including a credit of up to $8,000 for first-time home buyers, Obama said. "This will put a home within reach for hard-working Americans who are playing by the rules and making responsible choices."

Bean-counters in Washington also identified $2 trillion in deficit reductions that can be realized over the next decade.

"Finally, we need to simplify a monstrous tax code that is far too complicated for most Americans to understand," Obama said, "but just complicated enough for the insiders who know how to work the system."

Copyright © 2009, by United Press International. All Rights Reserved.

1053 times read

Related news
Plan Obama: Pass the check by Debra_J_Saunders posted on Mar 05,2009

Obama's proposal, goals don't line up by The Detroit News posted on Mar 04,2009

Obama: Stimulus jobs to be based on merit by UPI posted on Mar 20,2009

Obama budget is too heavy on taxes, spending by The Detroit News posted on Mar 04,2009

Blunt: Largest tax hike in American history will hit parents, families by Bend_Weekly_News_Sources posted on Mar 27,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 20 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?