A Guide to Barack Obama's Tax Plan

Barack Obama's tax plan

Barrack Obama's tax plan includes tax relief for working Americans, especially those in the lower and middle class. In addition, tax breaks would benefit seniors, as well as families that have children in college.

The goal of the tax plan is to provide a boost to the economy, by providing Americans with more money to spend. In addition, small businesses would receive tax breaks which would allow them to offer new employment opportunities or keep the employees they currently have.

Tax stimulus checks

Tax stimulus checks are meant to provide a boost to the economy, while allowing Americans to purchase items that they had been unable to afford previously. For example, families that were unable to purchase school supplies, may have used the check for that purpose.

In turn, that money helped the local business which sold the school supplies. It is hard to determine what effect economic stimulus checks have had in the past and the impact they will have in the future, as it is not always easy to determine how the checks were spent.