Tuesday, October 28, 2008

Obama's view on Poverty

"There are over 37 million poor Americans." Poverty is an important issue in the society because the more poverty, the less healthy children. Although there are help for homeless and the ability to less poverty, poverty still exist which includes an increase in poverty. People are unable to support their families even if both parents work; the money goes to rent, tax, bills, and daily meals. Therefore, Obama plans to raise minimum wages to $9.50 by 2011 in order to help the families' budget. Also Obama plans to help lower and middle- class families with taxes. He plans a "$500 Making Work Pay" tax credit to reduce the amount of payment. And for seniors that makes under $50,000 per year would not have to pay for taxes. To help the seniors get around the seasons and not having to worry about starvation.
I believe Obama's idea is fair and would help solve poverty issues. However, would it be sufficient? Because there is already a large variety of poor Americans and who would help them? Especially with the economis crisis, mor people are losing jobs and product prices are increasing rapidly. More and more people are saving money rather than spending even if there is a sale. Also the plan might attract schemes thus to get money from federal government and pay less tax by faking income salaries and making false documentaries.

Mary Li

No comments: