President Obama’s Economic Stimulus Plan includes four key spending proposals that may impact seniors.

• =&0=&.  The creation of 3 million new jobs (including ‘green jobs’) over the next two years in construction and new energy production will not only provide opportunities for people to work longer, but also to salvage their retirement

The proposed Economic Stimulus Plan includes $300 billion in tax cuts. What can this mean for individual seniors? 

• Anyone earning less than $75,000/year gets a $400 tax cut (to a limit of $800/household).
• Anyone receiving Social Security (including the disabled, older veterans and Supplemental Security Income beneficiaries) qualifies to receive a one-time $250 payment.  
• Anyone who qualifies as ‘working poor’ will receive an expanded earned income