OBAMA SEEMS TO HAVE THE BEST STIMULUS PLAN

These steps would help people right now, unlike making the obscene Bush tax cuts for the extremely rich permanent.

Obama Unveils $120 Billion Stimulus Plan
Jan 13, 6:28 PM (ET)
By RYAN NAKASHIMA

LAS VEGAS (AP) - Democrat Barack Obama on Sunday unveiled an economic stimulus package costing up to $120 billion that his campaign said would put money in the hands of workers and seniors, stem the foreclosure crisis and cover state budget shortfalls.

- a $250 tax credit to 150 million workers to offset the payroll tax paid on the first $8,100 of earnings.

- a one-time, $250 payment to Social Security recipients who would not benefit from the tax credit

- $10 billion to increase pre-foreclosure counseling and help "responsible homeowners" refinance their mortgages or sell their homes.

- $10 billion to help states and local governments facing budget problems as a result of the housing crisis, caused by falling property values and sales tax revenue.

- $10 billion to extend unemployment insurance while loosening the eligibility criteria to include many part-time and nontraditional workers.