Promises Hedged by President Obama to Date

Promise Hedged Eliminate Capital Gains Taxes for Small Businesses

"I will eliminate capital gains taxes for the small businesses and the start-ups that will create the high-wage, high-tech jobs of tomorrow." — 8/28/08, Denver >>More (Comments)

Promise Hedged Expand the earned income tax credit for workers

''Expand the earned income tax credit for workers without children and taxpayers with more than three children. Equalize threshholds for married filers and head of household filers." — Obama campaign interviews with the Tax Policy Center >>More (Comments)

Promise Hedged Place a moratorium on home foreclosures

"I'll put a three-month moratorium on foreclosures so that we give homeowners the breathing room they need to get back on their feet." — 10/22/08, Richmond, Va. >>More (Comments)

Promise Hedged Create a new $4,000 American Opportunity Tax Credit

"Will make college affordable for all Americans by creating a new American Opportunity Tax Credit. This universal and fully refundable credit will ensure that the first $4,000 of a college education is completely free for most Americans, and will cover two-thirds the cost of tuition at the average public college or university and make community college tuition completely free for most students. Recipients of the credit will be required to conduct 100 hours of community service." — Obama education plan >>More (Comments)

Promise Hedged A $500 tax credit for low- and middle-income workers

"Senator Obama has proposed a new refundable tax credit for wage earners and the self-employed. His Making Work Pay credit would equal 6.2 percent of up to $8,100 of earnings (yielding a maximum credit of approximately $500). Spouses filing jointly would each claim the credit based on their own earnings.9 To match the campaign’s stated revenue targets, we assume the credit phases out based on adjusted gross income at a 5 percent rate beginning at $75,000 ($150,000 for couples). All thresholds would be indexed for inflation after 2009." — Obama campaign interviews with the Tax Policy Center >>More (Comments)

Promise Hedged Tougher rules for lobbyists and former officials

"No political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration." >>More (Comments)

Promise Hedged Windfall profits tax on oil companies

"I'll put a windfall profits tax on oil companies and use it to help Indiana families pay their heating and cooling bills and reduce energy costs." — 4/25/08, Indianapolis

"I'll make oil companies like Exxon pay a tax on their windfall profits, and we'll use the money to help families pay for their skyrocketing energy costs and other bills." — 6/9/08, Raleigh, North Carolina >>More (Comments)




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