President-elect Barack Obama has outlined some pretty ambitious plans for his time in the White House, and a massive economic stimulus plan is just the beginning. Business leaders have a new environment to get used to with new issues and new key players, according to BusinessWeek.
Obama has promised—and not backed down from his commitment—to reform health care, create an energy plan, protect the environment and provide government oversight to the financial markets. He’s also promised generous funds for infrastructure spending, individual- and business-tax cuts, and state aid.
Here are some things you can expect in the first 100-plus days of the Obama administration:
- With widely varying opinions on how it should be done, Obama’s first priority will likely be drafting a roughly $1 trillion stimulus plan.
- In late February, the Administration will release its proposed budget, which will give some signal as to how it plans to spend and on what.
- As early as this spring, Obama’s team may outline its energy and environmental plans, as well as its healthcare reform initiatives.
- Looking ahead to fall, the president will likely begin talks with Congress about revamping individual- and corporate-tax rates.
Another issue affecting business that may be on the agenda: laws governing unionizing. Obama’s labor allies will push to make unionizing easier, while chambers of commerce and other business groups will push to keep the issue off the table.
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