subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Sat, Nov 21 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Published October 20, 2008 08:56 am - In an unprecedented visit to the Tahlequah Daily Press, Sen. Jim Inhofe, R-Okla., stopped by Thursday to outline his six-point economic plan.

Sen. James Inhofe pushes economic plan
In his run up to election day, the incumbent senator is focusing on the financial crisis.

By TEDDYE SNELL
Staff Writer

TAHLEQUAH DAILY PRESS

In an unprecedented visit to the Tahlequah Daily Press, Sen. Jim Inhofe, R-Okla., stopped by Thursday to outline his six-point economic plan.

During the recent Wall Street financial meltdown, Inhofe voted against the $700 billion bailout plan presented to Congress.

“I took a position that made some people mad,” said Inhofe.

“But in checking with the Internal Revenue Service, the bailout hit to the taxpayers equaled $5,000 per household. Nothing is more important than finding a solution to the economic burdens families across our great state and this country currently face.”

Inhofe said the bailout he voted against is not the solution to a problem requiring increased transparency, lower energy prices and the ability for the American people to increase their savings.

“My plan to get our economy back on track brings relief to hardworking families during this financial crisis,” he said.

“We must lower taxes, focus on home ownership, incentivize savings and investment and create American jobs.”

Inhofe’s plan would:

• Divert a portion of bailout funds to the FDIC and Federal Reserve.

• Make the 2001 and 2003 tax cuts permanent.

• Stabilize the housing market by making tax deductions available to homeowners.

• Incentivize savings by relaxing limits on IRA contributions.

• Increase jobs by implementing an immediate phase-in of a domestic manufacturing tax deduction.

• Promote investment by eliminating the capital gains rate and repatriate foreign earnings. “One of the main problems with the current economy is that far too many people got into far too much debt,” said Inhofe.

“This country became addicted to debt instead of financing things the old-fashioned way: saving. Congress should immediately consider relaxing limits on Roth IRA contributions. The current limit is $5,000, and is scheduled to increase in yearly increments of $500. We should temporarily accelerate the scheduled increase. This will induce people to save and also provide much-needed capital to get the economy going again.”



print this story    email this story   






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Premier Guide
Premium Jobs

Help Wanted
Skelly School- Accepting applications for an Elementary Physical Education Teacher for the remainder of the 2009-10 scho...>MORE

Help Wanted
Medical Technologist needed in Tahlequah, OK to, under limited supervision, perform blood tests in all areas of the labo...>MORE

Help Wanted
LPN/ Wound Care Nurse: We need a LPN for a full-time position for our Wound Care Nurse. Experience in Long Term Care a...>MORE

Help Wanted
LPN: 10pm To 6am position open for our Long Term Care/ Medicare Facility. We offer competitive salary, 401k, health be...>MORE

Help Wanted
RN Quality Manager We are looking for a RN to fill a position in our Long Term care Nursing Home as part of a Quality Ma...>MORE

See all ads

Premium cars

Used Trucks for Sale
1992 Dodge Dakota $2,200. Call 207-2270...>MORE

See all ads

Premium Homes

House for Sale
BRAND NEW HOME! Illinois River Ranch on 3 beautiful acres, 3BR/2BA, spacious open living plan, move-in ready, gated comm...>MORE

House for Sale
Cute 2bdrm, 1ba, remodeled with new paint, carpet, etc. Custom cabinets, 5 acres with pond. One mile South of Peggs. ...>MORE

Doublewide Mobile Home For Sale:
2002 Skyline 32x48 Doublewide, 3bdr, 2ba, huge kitchen, brand new carpet, nice!! Torn down, ready to move on axles and ...>MORE

House For Rent:
2bdrm, 1ba, CHA. 1 mile West of 51 Bypass. $525 month, $500 deposit. 456-3018...>MORE

Mobile Homes For Rent
2,3,4bdrm, 1219 West Choctaw, accept HUD, 708-5889...>MORE

Duplex for Rent
1bdrm $265 mo references required 688-6570...>MORE

House for Rent
Located in Town: Two bedroom, one bath $400 431-1154...>MORE

See all ads

Premium Extras

Camper for Sale
Camper Truck asking $3,500.00 call 918-207-9740...>MORE

Commercial Property
Ed’s Service Station, 901 E. Downing, available for lease January 1, 2010. Contact Jim McSpadden (918)931-0227 or (918)...>MORE

Acreage For Sale:
3Acres +/- , Available for site built or new mobile home. Several tracts to choose from 6 miles +/- NW of Tahlequah H...>MORE

Acreage for Lease
apx 15 acres in town call 918-822-7084, 918-456-9424....>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index