CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
19 of 22
BACKNEXT
Jobs and Wages
Jobs and Wages
Obama's plan for turning around the economy takes an activist role that includes increasing wages and spending on public works.

· Fund federal workforce training programs and direct these programs to incorporate "green" technologies training.

· Raise minimum wage to $9.50 an hour by 2011 and tie future rises to inflation.

· Double federal funding for basic research and make R&D tax credit permanent.

· Set up $60 billion infrastructure investment bank to help fund public works. Also, create a $25 billion emergency Jobs and Growth Fund to fund other infrastructure projects.

· Establish tax credit for companies that maintain or increase the number of full-time workers in America relative to those outside the U.S.

· Give a temporary tax credit of $3,000 in 2009 and 2010 to companies for each new full-time employee it hires in the United States.

· Temporarily eliminate taxes on unemployment benefits.

· Advocate for stronger unionization.

"We will provide incentives to businesses and consumers to save energy and make buildings more efficient. That's how we're going to create jobs that pay well and can't be outsourced." -- Obama*


NEXT: Wall Street
Last updated November 06 2008: 11:36 AM ET
Source:
*June 16, 2008, Speech, Flint, Mich.
More Galleries
Women of power Shot during the Fortune Most Powerful Women Summit, these portraits showcase some of the world's most influential leaders. Photographs by Robyn Twomey. More
Better digs, less money These 6 businesses took advantage of crashed real estate prices to trade up for new stores and office space. More
Heroes of the Economy: Where are they now? In March, CNNMoney profiled people making personal sacrifices to help others during the recession. Did their efforts pay off? CNNMoney checks in. More

Special Offer
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.