Obama Wants To Overhaul Nation's Bankruptcy Laws

BETTENDORF, Iowa (AP) -- Presidential candidate Barack Obama is outlining an "American Dream Agenda" to help the middle class and stop the growing income inequity in the country.

The Illinois Democrat is in the Quad Cities today.

Obama says he wants to overhaul the nation's bankruptcy laws. He's also offering tax breaks of up to $4,000 a year to make college more affordable.

Obama says he'd reverse recent changes in the bankruptcy laws that he says favor credit card companies over consumers, and he wants to give new protections to those who go into debt for medical expenses.

He also says ending income inequity is tied to expanding higher education. He says that's the "best investment we can make in our future."

(Copyright 2007 by The Associated Press. All Rights Reserved.)


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