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Today in Washington President Obama has called for a new round of stimulus spending for our country to help with the staggering economy. This new stimulus funding could total over $150 Billion Dollars to jolt the economy back on track.
These funds are primarily going to go be used for more road construction, new bridges, tax breaks for small businesses, tax breaks for energy efficient home upgrades and a 2010 stimulus check. All of these are aimed at getting money flowing, getting people employed and getting money in the hands of those that need it.
President Obama wants to give an additional $250 to seniors and veterans, similar to the 2009 stimulus check. This check would be handed out in a similar manner to those that received one this year, plus those that weren’t eligible this year that would be for next year’s stimulus check would also receive one.
So far President Obama hasn’t created the number of federal jobs that were created during the depression of the 1930s, however he is creating more tax cuts to help small businesses create more jobs. Many of the programs that he started to help with the stimulus package in last years $787 Billion dollar package will be continued with this proposed $150 Billion dollar package.
Currently this bill and proposal is still in the early stages of planning. There is much debate on both sides by both Democrats and Republicans as to what will happen in the coming month.
All updates about any 2010 Stimulus Check can be found here on this site as new news breaks.
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