Job Creation: Obama introduced the American Jobs Act, which seeks to expand opportunities for the unemployed to find work, provides tax breaks to businesses and revitalize the nationâ€™s infrastructure and several thousand public schools. Housing: Obama's fighting to confirm a Consumer Financial Protection Bureaudirector to help end predatory lending. His administration implemented initiatives, such as the Home Affordable Modification Program, to help struggling borrowers that have produced mixed results. Tax Reform: In addition to basic tax code reforms, Obama strongly supports an end to the Bush-era tax cuts for the wealthy. Government Spending: Obama proposes to reduce government spending by eliminating waste and through shared sacrifice that would mean higher taxes on the nationâ€™s wealthiest 1% so lower- and middle-income households donâ€™t bear the brunt of spending cuts. He's also signaled a willingness to consider reforms to entitlement and other social safety net programs.
Official portrait of President-elect Barack Obama on Jan. 13, 2009.