A massive tax cuts in the US is included in the recovery plan by the new US President-elect Barack Obama as he will meet on Monday with leaders of both parties to discuss the possibility of the plan. The new administration will likewise tackle renewable energy and infra projects.
Obama offered his most detailed sketch yet of his proposal, which he called the American Recovery and Reinvestment Plan, in his weekly radio and video address on Saturday. He said he would propose to:
- provide tax breaks to workers;
- double renewable energy production and make public buildings more energy efficient;
- rebuild crumbling roads, bridges and schools;
- computerize the health care system;
- and modernize classrooms, labs and libraries.
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