FACTBOX: Obama expected to offer stimulus package

(Reuters) - President-elect Barack Obama, hoping to boost a struggling economy, has proposed a stimulus package that some experts estimate could cost as much as $190 billion.

At the same time, the United States is facing record budget deficits of at least $500 billion. Some analysts say the deficit could go as high as $1 trillion next year.

Obama has said he would:

--Enact a windfall profits tax on oil companies to give taxpayers an energy rebate.

--Give businesses a $3,000 refundable tax credit for each new full-time employee hired in the United States over the next two years.

--Allow small business to immediately write off up to $250,000 in spending for new equipment and property through the end of 2009. The stimulus package enacted earlier this year provided for the $250,000 investment expensing limit only through the end of this year.

--Eliminate capital gains taxes on investments in small businesses.

--Make $25 billion immediately available for the construction and repair of roads, bridges, schools and other infrastructure.

--Provide $25 billion to states to help them cope with the economic downturn without having to raise property taxes or cut vital services.

--Make $50 billion in loan guarantees available and keep other options open to help U.S. automobile manufacturers retool and develop a new generation of fuel-efficient cars. Congress has made $25 billion available.

--Implement a 90-day foreclosure moratorium for homeowners making good faith efforts to pay their mortgage debt.

--Extend unemployment insurance for long-term jobless workers who have exhausted their benefits, and temporarily suspend taxes on those benefits.

--Temporarily allow penalty-free withdrawals of 15 percent from tax-preferred retirement accounts up to $10,000.

--Suspend rules requiring retirees to begin withdrawing from retirement accounts six months after they reach the age of 70.

--Increase home heating cost aid.

--Instruct the secretaries of the Treasury and Housing and Urban Development to use their existing authority to more aggressively modify the terms of mortgages.