wonkroom.thinkprogress.org - 1/8/2009
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The Wonk Room has been following the developing saga regarding tax cuts that President-elect Barack Obama is looking to include in an economic recovery plan. Today, the Senate Finance committee held a closed door meeting to discuss the plan, and some Democratic Senators emerged skeptical of ...
reuters.com - 1/8/2009
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reuters.com —
WASHINGTON (Reuters) - Top U.S. Senate Democrats on
Thursday raised concerns about some of the tax breaks...
that may be included in a stimulus plan aimed at boosting the stricken economy, questioning if they would have a significant impact. ...
(more)
Top Democrats skeptical on stimulus tax breaks
| ...
realclearpolitics.com - 1/8/2009
news.yahoo.com - 1/9/2009
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news.yahoo.com —
AP - President-elect Barack Obama's proposed tax cuts
ran into opposition Thursday from senators in his own...
party who said they wouldn't do much to stimulate the economy or create jobs. Senators from both parties agreed that Congress should do ...
(more)
Democrats criticize Obama's proposed tax cuts
(AP)
Comments
Blog Reactions
Democratic senators come out against Obama’s tax cuts for corporations.
Think Progress —
... of Barack Obama’s $3,000 tax credit proposal for companies that hire or retrain workers, arguing that it wouldn’t do much to create jobs. The Wonk Room’s Pat Garofalo has the details. ...
Ready, Aim, Democrats!
Oliver Willis —
The Democratic party just won a historic election, taking control of the White House and increasing its margins in the House and Senate - so of course its time for the Dems to do what they do when they get in power: Tear down the leader of the party and leave him open to Republican attack.
Today’s edition of the stupidest game in politics involves some congressional bellyaching about the plan to save the economy, poorly written opposition to a possible appointee, and of course anonymously sourced news stories about supposed discord ...
Progressive Breakfast: Huge Job Loss Adds To Urgency
LiberalOasis : The Blog —
... plan could jell for all sides."
NYT header plays up conflict, but reports: " [Sen. Kent] Conrad, who described the meeting as extremely positive, said [Obama econ adviser Larry] Summers ended it by telling the senators, “Message received, loud and clear.” ... Senator John F. Kerry ... said he expected adjustments to be made. 'We are in a good dialogue,' he said. 'I am very confident about some adjustments being made.'"
More on senatorial tax cut skepticism from Wonk Room and TPM
Digby sees a kabuki dance: "I simply don't believe that ...
Rep. DeFazio: ‘I Think Obama Is Ill-Advised By Larry Summers. Larry Summers Hates Infrastructure’
Think Progress —
... DeFazio is right about the value of infrastructure. Significantly more stimulus “bang for the buck” comes from direct investment in infrastructure than from any type of tax cut. One dollar invested in infrastructure has ...
The Inevitable Conflict Between Sound Policy and Washington "Bipartisanship"
Open Left - Front Page —
... FACT: Economists on both the right and left agree that spending on infrastructure is a better guaranteed way to create jobs and stimulate GDP growth than enacting new tax cuts. ...
David Sirota: Economic Stimulus Bill: Sound Policy vs. D.C. "Bipartisanship"
Politics on HuffingtonPost.com —
... FACT: Economists on both the right and left agree that spending on infrastructure is a better guaranteed way to create jobs and stimulate GDP growth than enacting new tax cuts. ...
Obama Sends Conflicting Signals After Meeting With Irrelevant House Republicans
Open Left - Front Page —
... That was great news - finally, President Obama was acting like the winner of the 2008 election, standing up against tax cut policies that we know do not create the kind of job growth and GDP expansion that infrastructure spending creates. Except, now we get ...
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Frank: Obama stimulus plan too reliant on tax cuts
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Yeas And Nays On Obama’s Stimulus Tax Cuts
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Obama plans to unveil big tax cuts
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Should We Devote 40% of the Stimulus to Tax Cuts?
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Tax Cuts Aren't The Solution
workinglife.org 1/7/2009 — Well, welcome back to all who have been kicking back for the past few days, including yours truly. This year is going to be quite interesting--and, unfortunately, not a happy one as far as the economy goes, or so I'm guessing. I'm not going to ...
Stiglitz: Just Say No to Tax Cuts
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Payroll Tax Cuts as Stimulus
yglesias.thinkprogress.org 2/8/2009 — It seems that J.M. Keynes himself thought this was a good idea . And, indeed, it strikes me as indefensible that a stimulus package featuring hundreds of billions of dollars of tax cuts doesn’t include any FICA provisions. Payroll tax cuts ...
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