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Barack Obama proposes $75 bln stimulus plan
January 13, 2008 / 7:05 PM / in 10 years

Barack Obama proposes $75 bln stimulus plan

LAS VEGAS, Jan 13 (Reuters) - Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help for homeowners facing foreclosure.

The plan would include an immediate $250 tax credit to workers that could double if the economy worsens; a one-time $250 supplement to Social Security retirement payments, a $10 billion fund to help homeowners facing foreclosure, and a $10 billion fund to bolster states facing budget shortfalls.

The Illinois senator’s office unveiled the proposals while campaigning in Nevada, which holds the next contested Democratic primary on Saturday. His leading rival, New York Sen. Hillary Clinton, also recently unveiled an economic stimulus package. (Editing by Bill Trott)

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