Obama’s health care plan follows a usual democratic template bearing resemblance to 1994 health care plan by Clinton, 2004 health care plan by Kerry along with the undeniable similarity to the proposal that was presented forward by Common Wealth Fund.

The emphasis is basically to quickly increase the number of masses that would be covered under the health insurance as significant upfront investment is made. The senator claims that his reform proposal would allow an American family to save medical costs by $2,500 every year.

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The intent behind Obama’s stimulus package on Child Tax Credit 2009 is to reduce child poverty cases across US. Child Tax Credit is a partly refundable federal income tax credit, where an individual taxpayer can have a refund up to $1,000/child (who needs to be below 17). Child Tax Credit 2009 has been designed in the Stimulus Plan for helping in the reduction of cost for raising a child.

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After the last stimulus check that helped little in reviving the economy, the second stimulus check package is what President Barrack Obama seems to be keen on. Plans of up to $ 50 billion fiscal stimulus would soon be materializing into tax rebates, unemployment benefits and stimulus checks. The American population may still be confused over the last stimulus payouts, but they are also anticipating the mails for the next stimulus checks that are pushing there way in.

Though the earning people in the middle-class seem to be the major beneficiaries of the fiscal stimulus plan, there are some benefits in store for college students too. Provisions have indeed been made to offer tax credits and grants to students.

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On February 18, 2009 the much awaited and also the much needed American Recovery and Reinvestment Act was signed by President Barak Obama. This act is better known as the Economic Stimulus Bill created history in United States because the spending act is the country’s largest legislation in history and is aimed at rejuvenating the ailing economy by providing stimulus to different sectors.

Along with many other provisions, this stimulus bill also contains provisions for small business benefits. We all know the importance of Small Businesses in the country as they provide employment to more than 40% of Americans.

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President Obama vowed to be anti – earmarks during his election campaigns. However, all of that changed in Washington on Wednesday when the omnibus spending bill of $410 billion was passed by the House. Surprisingly, it has been stocked with 9000 pet projects recommended by both the Democrats and the Republicans together.

The bill was passed with a majority of 245 to 178 votes, which is a surprising achievement for Obama administration as it came right after one of the biggest spending bills in the history of the US – the $787 stimulus bill. The stimulus bill is boasted of as being ‘free’ from any earmarks whatsoever.

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