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• Mike Huckabee aims at expanding the 'Hope Now' program
which is a voluntary alliance between the government and subprime
lenders to helped troubled borrowers.
• He proposes various tax cuts and finally abolishing the
income tax with sales tax.
• Build a homeland security fence along the Mexican border
to prevent illegal workers from entering the country.
• Huckabee would increase the usage of wind power and
decrease dependence on foreign oil.
• Abolish marriage penalty and death tax and advocate
further tax cuts.
• Extend rebate to all purchases made below the poverty
line so that the poor are not taxed.
• Increase defense spending by $200 billion.
• Extend expiring tax cuts from Bush's term and make
college fees deductible.
• Mike Huckabee proclaimed that he would not support any
new taxes but would concentrate on reducing federal spending.
• Huckabee did say if we enter a new level of war there
would be no choice but to raise the taxes.
• He supports flat tax, globalization and line item veto
power believing that the line item veto power will help to curb
spending.
• He supports free trade to rake in more revenue but
insists it has to be fair trade.
• In order to decrease spending he said he would get rid
of the Inland Revenue Service and revamp Department of Homeland
Security.
• Huckabee advocates reigning in out of control spending
to balance the budget
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• Obama aims at a longer plan of laying a strong foundation
for future economic growth that will benefit all Americans. He is
working for economic recovery on all fronts.
• He signed the American Recovery and Reinvestment Act
within a month after his 2009 inauguration. This is part of a
plan to save or create 3.5 million jobs. There is also a proposed
tax cut for 95% of the working class. He also plans on making
critical investments in infrastructure.
• The housing crisis which kick started the financial
crisis is being brought under control by offering refinance at
historically low mortgage rates and also to prevent more
foreclosures.
• Obama plans to make significant investments in
healthcare, energy and education to cut costs and generate
revenue for American businesses and families, creating jobs that
cannot be shipped overseas.
• Obama believes in a bottom up economy and not a top down
one. In the former the rules of government and business are fair
and are universally applicable. It leads to an increase in
people's enthusiasm and motivation and Obama believes this is the
key to a growing a prosperous economy constantly striving for the
betterment of its products, people and nation.
• Spending $12 billion in Iraq will not help America tide
over it's difficulties.
• Obama supports a Credit card Bill of Rights to protect
consumers.
• Obama aims at bringing strict control over corporate
loopholes and tax havens. He calls for reducing tax cuts for
people who don't need thus saving more than $150 billion.
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