The central bank last year purchased $300 billion in U.S. government debt and is on track to buy $1.25 trillion in mortgage-backed securities plus $175 billion in debt from government-backed mortgage companies by the end of March.
American International Group (AIG) has received $43.2 billion from the Treasury's TARP program. The Obama administration's budget proposal, released Monday, announced that AIG will receive an additional $69.8 billion from TARP through 2010.
$27 billion was allocated to foreclosure prevention and an additional $48.8 billion may be on its way.
One of Obama's proposals is to cut companies' abilities to place their earning in overseas bank accounts, which enjoy tax-free havens.
Large business taxes would raise $468 billion over the next ten years, according to the fiscal 2011 budget plan. One pattern is that taxes concentrate around demand. Rental property, on a whole, has experienced increased demand naturally as unemployment has forced many families to migrate out of their newly foreclosed homes and into more affordable, temporary solutions.
Others who would face tax increases if the budget plan is passed by Congress:
US oil, gas, and coal producers
Producers of cellulosic ethanol made from paper byproducts
Employers who pay unemployment taxes
Owners of rental property
Companies that rely on independent contractors
Overview of Business Tax Highlights
The Bush tax cuts for lower and middle income American expire this year. It is still unclear whether the Obama administration will extend or terminate them.
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