Posted on 07/14/2008 12:50:44 PM PDT by Free ThinkerNY
WASHINGTON — Senator Obama's endorsement of a proposal by Senator Clinton to give health care tax credits to small businesses marks the first policy-related olive branch he has offered to his vanquished rival.
The presumptive Democratic presidential nominee unveiled the plan during a speech yesterday in San Diego to the National Council of La Raza, where he touted its potential to expand health care and jobs for Latino businesses and families.
Under the $6 billion-a-year plan, small firms that provide health care for their employees would be eligible for refundable tax credits covering as much as 50% of the cost of the premiums. His advisers described it as a "complement" to his broader health care plan, which the campaign estimates would cost between $50 billion and $65 billion a year. They said the tax credits would be paid for with new and expanded measures aimed at reducing federal spending on health care.
In his speech, Mr. Obama noted that the proposal was "an idea championed by my friend Hillary Clinton, who's been leading the way in our battle to insure every American."
Health care provided the sharpest domestic policy disputes of the protracted Democratic primary battle between Mr. Obama and Mrs. Clinton, and the substantive and symbolic significance of his tax credit shift was underscored on multiple counts yesterday. The Illinois senator announced the proposal before a crucial constituency that Mrs. Clinton dominated in the primary — Hispanic voters — and he turned to an ardent supporter of hers, Rep. Nydia Velazquez of New York, to vouch for the plan in a conference call with reporters. Ms. Velazquez, chairwoman of the House Small Business Committee, made headlines last month when she urged Mrs. Clinton to seek the vice presidential spot on the Obama ticket,
(Excerpt) Read more at nysun.com ...
Now there's a winning strategy!
Another hand out to illegals.
President Barack Obama today announced the Do It Yourself home printing initiative that will allow every American citizen and many non citizens the opportunity to print their own U.S. currency to help pay for President Obama’s Utopia initiative.
President Obama said he will help low income families pay for their printing presses by offering a 50% refundable tax credit for the cost of inks and paper needed to print the extra money to pay for his tax increases and spending initiatives to bring utopia to every American citizen and non citizen that happens to be in the USA at any given moment.
In other news, today the cost of a loaf of bread topped 1 trillion dollars.
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