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...and this story comes to you by way of http://www.usatoday.com/news/washington/2009-10-28-obama-promises_N.htm#table. As you can see, I'm still having a small problem with Blogger posting the links to the story. What is one to do?
Tracking delivery on campaign promises
President Obama made hundreds of pledges to get elected. USA TODAY's Richard Wolf reviews some:
Taxes
Promise: Offer tax cuts of $500 for individuals with income up to $75,000 and $1,000 for couples with income up to $150,000. Obama said 95% of working families would benefit.
Quote: "This is a tax cut, paid for in part by closing corporate loopholes and shutting down tax havens, that will offset the payroll tax that working Americans are already paying." - Janesville, Wis., Feb. 13, 2008
Status: Obama settled for $400 and $800 as part of the $787 billion stimulus package passed by Congress in February. The non-partisan Tax Policy Center estimated that 91% of families with children would get tax cuts averaging $538. Overall, 75% of taxpayers would get reductions averaging $385. Obama's proposals to close loopholes and target tax havens are pending in Congress.
Jobs
Promise: Offer $3,000 tax credits in 2009 and 2010 to existing businesses for each full-time employee hired.
Quote: "I will give American businesses a $3,000 tax credit for every job they create right here in the United States of America." - Canton, Ohio, Oct. 27, 2008
Status: Obama dropped the idea during stimulus negotiations because of concerns in Congress that businesses could cook their books. As unemployment worsens, however, the White House is reconsidering it.
Home ownership
Promise: Create a $10 billion Foreclosure Prevention Fund to help people stay in their homes. Give a tax credit to middle-class homeowners to cover 10% of their mortgage interest every year
Quote: "This fund will help homeowners sell a home that is beyond their means, or modify their loan to avoid foreclosure or bankruptcy." - North Las Vegas, Nev., May 27, 2008
Status: Obama created a larger, $75 billion program in February, a month after taking office. It includes a one-time, $8,000 refundable tax credit for new homebuyers that expires in November.
Type in the link at the begining of this post for even more stats on Obama's financial regulation promises,healthcare, and stem cell research along with a host of other campaign promises which Obama made.
