The tax credit scheme had done well for the real estate sector in US and its subsequent withdrawal has led to fall in the growth figure of the economy as a whole. So, while the figures are slowing down, US President Barack Obama is said to be considering another tax credit scheme.

The expected value of the whole deal will be $100 billion and reports suggest that it is going to be announced sometimes this week.

Washington Post was first to report this. As per the news report, Obama will be making the announcement in Cleveland on Wednesday.

If the proposal is made, which will most probably be cleared, it will be helping not only the companies and individuals in saving tax, but will directly positively impact the generation of jobs, said a report.

It will also help in closing down the loopholes that have appeared in the tax system and thus add more revenue for the government.

What is more concerning, however, is that the corpus of for the government stimulus is already very large and that another addition will increase it very further hampering the fiscal situation of the government.