With due respect to President Barack Obama’s inauguration ceremony today, here are some of the high points of this new Government which people are reviewing. There are several things which are currently addressed by The President & some of them are such which are yet to be considered. But the thing which we should be prepared of is that the new reforms will take time & we should welcome the change in a good sense.

• Justice for low & medium Income groups-

To keep up with the high rising inflation in the economy, the low & medium income groups suffer the most, the reason being that the salary scales have not been raised as compared to the inflated prices. There has been massive increase in coats of education, food, health & health insurance which are some of the bare necessities of American Living.

 Listed below is news as on CNNMoney.com which states massive job cuts

 

 

 

 

Warner Bros. to cut 800 jobs

The entertainment company says it will trim 10% of its worldwide staff in the coming weeks to control costs.

LOS ANGELES (Reuters) — Time Warner Inc's Warner Bros. Entertainment Tuesday said it would cut about 800 jobs, or 10% of its worldwide staff in coming weeks.

Studio chiefs of Warner Bros. Entertainment sent an email to employees worldwide Tuesday saying they will have to cut jobs in coming weeks due to the current economic downturn.

"We are very sad to announce that based on the global economic situation and current business forecasts, the Studio will have to make staff reductions in the coming weeks in order to control costs," wrote Barry Meyer, chairman and chief executive, and Alan Horn, president of the studio.

·              High taxes for rich than low & medium income groups-  To enhance better savings of American citizens so that they get out from credit card debts & home loans & business debts, the very major point which needs to be considered is that the tax burden on low & medium income group should be less who depend upon their savings. If you need to enjoy, & it is covered from your savings, its worth rather than taking money on credit & enjoying on that money gives a new burden on mind.

As per Forbes.com, here are some of President Obama’s Tax choices:

Obama's Tax Choices

Janet Novack, 11.28.08, 06:00 AM EST Forbes.com's tax experts talk about what Obama can, should and will do to the tax code.

 

Forbes asked four tax experts to weigh in on stimulus tax cuts, take hikes on the rich and tax breaks for new car buyers. Moderated and written by Janet Novack, Washington bureau chief for Forbes magazine.

There's just no rest for the tax savvy. So far this year, Congress has made more than 500 changes to the tax code, including 290 in the $700 billion financial rescue package passed in October.

Now, President-Elect Barack Obama wants a stimulus bill big enough to deliver a "jolt to this economy" on his desk when he takes office, meaning at least $500 billion–and probably a lot more–in new spending and tax cuts.

Forbes.com asked its panel of tax experts to weigh in on what breaks they believe will and should be in the new stimulus and on two narrower issues: Should Obama delay his promised tax hikes on couples earning more than $250,000? Should a tax break for new car buyers be part of the auto bailout that the lame duck Congress is planning to tackle next month?

Given the state of the economy, our experts said, the Obama administration should and likely will delay tax hikes on the better off.