Eliminate capital gains taxes for small businesses and start-ups
"Barack Obama understands that small businesses are the engines of our economy, and he will eliminate all capital gains taxes on investments in small and start-up firms."
Expand the earned income tax credit
Expand the earned income tax credit for workers without children and taxpayers with more than three children. Equalize threshholds for married filers and head of household filers.
Double funding for the Manufacturing Extension Partnership, a program that encourages manufacturing efficiency
"The Manufacturing Extension Partnership (MEP) works with manufacturers across the country to improve efficiency, implement new technology and strengthen company growth. This highly-successful program has engaged in more than 350,000 projects across the country and in 2006 alone, helped create and protect over 50,000 jobs. But despite this success, funding for MEP has been slashed by the Bush administration. Barack Obama and Joe Biden will double funding for the MEP so its training centers can continue to bolster the competitiveness of U.S. manufacturers."
Include environmental and labor standards in trade agreements
"He will use trade agreements to spread good labor and environmental standards around the world"
Establish a small business initiative for rural America
"Will support entrepreneurship and spur job growth by establishing a small business and micro-enterprise initiative for rural America. The program will provide training and technical assistance for rural small business, and provide a 20 percent tax credit on up to $50,000 of investment in small owner-operated businesses. This initiative will put the full support of the nation's economic policies behind rural entrepreneurship."
Create a tax credit of $500 for workers
Enact a Making Work Pay tax credit that would equal 6.2 percent of up to $8,100 of earnings (yielding a maximum credit of approximately $500). Indexed for inflation.
Create more public-private business incubators for poor communities
"Obama and Biden will invest $250 million per year to increase the number and size of incubators in disadvantaged communities throughout the country."
Freeze the 2009 estate tax law
Freeze the 2009 estate tax law, which exempts the first $3.5 million and has a top rate of 45 percent.
Create a National Health Insurance Exchange
Create a "National Health Insurance Exchange to help Americans and businesses purchase private health insurance."
Create a small business tax credit to help with health premiums
"Create a new Small Business Health Tax Credit to provide small businesses with a refundable tax credit of up to 50 percent on premiums paid by small businesses on behalf of their employees. To be eligible for the credit, small businesses will have to offer a quality health plan to all of their employees and cover a meaningful share of the cost of employee health premiums."
Strengthen antitrust laws to prevent overcharging for malpractice insurance
"Strengthen antitrust laws to prevent insurers from overcharging physicians for their malpractice insurance."
Reimburse employer health plans for a portion of catastrophic costs
"Reimburse employer health plans for a portion of the catastrophic costs they incur above a threshold if they guarantee such savings are used to reduce the cost of workers' premiums."
Invest $10 billion per year in early intervention educational and developmental programs
"Barack Obama and Joe Biden will invest $10 billion per year in early intervention educational and developmental programs for children between zero and five. Their plan will help expand Early Head Start to serve more children with disabilities, and will spur states, through programs like Early Learning Challenge Grants, to expand programs for children with disabilities, such as IDEA Part C, and integrate these programs with other early childhood programs."
Allow all veterans back into the Veterans Administration
As one of his "first acts" as president, Obama will sign an executive order "ending the unfair ban on healthcare enrollment of certain groups of veterans, including 'Priority 8' veterans who often earn modest incomes." Currently, veterans who have no service-connected disability and make above a certain amount of income are not allowed to enroll in the VA health program.
Launch robust diplomatic effort with Iraq and its neighbors
"Launch an aggressive diplomatic effort to reach a comprehensive compact on the stability of Iraq and the region. ... include all of Iraq's neighbors -- including Iran and Syria, as suggested by the bi-partisan The Iraq Study Group Report."
Ensure the Guard and Reserves can meet their homeland security missions
"The poor readiness of America's Guard and Reserve forces threatens our ability to respond to natural disasters or terrorist attacks at home. We saw this, sadly, after both Hurricane Katrina and the tornadoes in Kansas. Because of the depletion of its resources in Iraq, the National Guard is less ready today than it was on 9/11. Nearly 90 percent of units have serious equipment shortages; many have less than 1/3 of the equipment they require. A particular focus of Obama's plan will be to reverse the trend of "cross-leveling," the cannibalizing of soldiers and machines from units back home for missions abroad."
Seek code of conduct for space-faring nations
"Restore U.S. leadership on space issues by seeking code of conduct for space-faring nations, including a worldwide ban on weapons to interfere with satellites and a ban on testing anti-satellite weapons. Initiating and stating a willingness to participate in a regime protecting access to space will help the United States return to a position of leadership in promoting global stability."
Restore the government's ability to manage contracts by rebuilding our contract officer corps
"Restore the government's ability to manage contracts, by rebuilding our contract officer corps."
Revise the Patriot Act to increase oversight on government surveillance
"As president, Barack Obama would revisit the PATRIOT Act to ensure that there is real and robust oversight of tools like National Security Letters, sneak-and-peek searches, and the use of the material witness provision."
Restrict warrantless wiretaps
"Barack Obama opposed the Bush Administration's initial policy on warrantless wiretaps because it crossed the line between protecting our national security and eroding the civil liberties of American citizens. As president, Obama would update the Foreign Intelligence Surveillance Act to provide greater oversight and accountability to the congressional intelligence committees to prevent future threats to the rule of law."
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