Presidential candidate and Senator Barack Obama is calling for a second economic stimulus package to help boost the economy where the first attempt may have failed.
This second stimulus plan, supported by the Democrats in Congress, will provide a $50 billion additional incentive to stimulate the economy targeted to those who have lost jobs or homes, and who are facing cutbacks in state and local governmental services.
The $50 billion would come from the reduction of corporate tax breaks rather than future individual tax payments.
Democrats back Obama’s call for economic stimulus, Reuters, June 10, 2008.
Updated September 17, 2011 and originally published June 17, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.