Economic Strategy!!Obama

President Obama Economic strategy::What is it mean for you??

In White House Obama sought to refocus the White House's efforts to shore up the U.S. economy, with a pledge to extend tax cuts for Americans earning less than $200,000 per year.The president remained silent about the fate of Bush-era tax cuts to wealthier Americans, while also issuing a plea to Republicans to reach across the partisan aisle to ease passage of a small-business jobs bill he argues is crucial to the nation's recovery.

"I ask Senate Republicans to drop the blockade," Obama said during a Rose Garden address Monday. "I know we're entering election season. But the people who sent us here expect us to work together to get things done and improve this economy." Obama highlighted the small-business bill as one initiative among several aimed at promoting "growth and hiring in the short term" while increasing "competitiveness in the long term.

Tax for Middle Class:he confirmed Monday that he does support extending tax cuts for the middle class.the White House and Democratic leaders aren't about to wade into during an election cycle in which voters are already sharply divided over how and whether government should aid an economic recovery. Nevertheless, some tax experts note that the $250,000 annual threshold for a middle-class household gives a wide berth to the upper end of the middle class

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Bush tax cuts to expire for high earners:The administration has repeatedly stressed that it would back the expiration of tax cuts for those making $200,000 or more (or whose families combined make $250,000 or more). White House officials argue that, once the cuts lapse, higher-earning Americans would help replenish government coffers by paying higher taxes. But opponents argue that this plan would indirectly affect everyone by raising marginal rates. Recently, the National Association for Business Economics found that a majority of their economists opposed allowing these cuts to expire. According to the IRS, 4 percent of Americans earn more than $200,000 a year.

clean energy and Infrastructure:A good chunk of money from the 2009 stimulus package went to clean-energy programs, infrastructure and research and development, with infrastructure investment alone making up more than $105 billion of the $787 billion total. Those expenditures were supposed to stimulate job growth — and haven't shown strong results in the struggling labor economy. These funds will also soon expire, leaving future prospects uncertain in labor-intensive industries such as construction and energy. Now the administration is pressing Congress to commit more money, so that the momentum built by the stimulus spending won't lapse.