Submit a Story!
Democrats criticize Obama's proposed tax cuts (AP)
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 something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan.
Is Obama relying too much on tax cuts?
krugman.blogs.nytimes.com — I don't know yet. But news reports this morning certainly raise questions. Let's lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government ... (more) Is Obama relying too much on tax cuts?
Obama Plan Includes $300 Billion in Tax Cuts
Obama Plan Includes $300 Billion in Tax Cuts
nytimes.com — Tax cuts for workers and businesses are nods to critics worried that the economic recovery program has been too focused on government spending, advisers said. > (more) Obama Plan Includes $300 Billion in Tax Cuts
Obama plans to unveil big tax cuts
politico.com — President-elect Obama plans to propose huge tax cuts for businesses and middle-class workers that will total about 40 percent of the package. (more) Obama plans to unveil big tax cuts
Comments
Blog Reactions

Dem Senators to Obama: Ix-nay on the Ax-tay Uts-kay
Ace of Spades HQ — Dem Senators to Obama: Ix-nay on the Ax-tay Uts-kay You do remember us and the whole "tax cuts" thing, right ? Sen John Kerry, D-Mass., said, "I'd rather spend the money on the infrastructure, on direct investment, on energy conversion, on other kinds of things that much more directly, much more rapidly and much more certainly create a real job. Something I personally have never done, myself, you know, but they are important to real Americans. I'm told." Don't get too carried away with your marvelousness. They're just smiling faces. First president (elect) in my lifetime that ...

Democrats Against Tax Cuts
Classical Values — Democrats Against Tax Cuts It seems that the Democrats are unhappy about Mr. Obama's proposed tax cuts . WASHINGTON - 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 something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan. They were especially critical of ...

Related Content
Obama tax plan runs into opposition in Senate (AP)
news.yahoo.com 1/8/2009 — AP - President-elect Barack Obama's proposed tax cuts are running into opposition from senators in his own party who say they won't do much to stimulate the economy or create jobs.
AP poll: Public seems willing to wait on tax cuts (AP)
news.yahoo.com 11/12/2008 — AP - People want the tax cuts promised during the presidential campaign, but they may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.
Obama's "Tax Cuts"
minx.cc 10/14/2008 — During the debate liveblogs, a phrase I find myself typing often is "TAX CREDITS ARE NOT TAX CUTS." It's usually in response to Barack Obama's promise to "cut taxes for 95% of Americans," a promise that as of now, has...
Obama tax plan runs into opposition in Senate
msnbc.msn.com 1/8/2009 — 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.
More Voters Than Ever Say Tax Cuts Help the Economy
rasmussenreports.com 3/27/2009 — Democrats in the Senate are talking of cutting back President Obama's pledge of tax cuts for most Americans in the face of record deficits. But 63% of U.S. voters now say tax cuts would help the economy, according to a new Rasmussen Reports national ...
Missing From Obama's Speech: Business Tax Cuts
ourfuture.org 1/8/2009 — In President-elect Barack Obama's major economic address today , he laid out one dozen key planks of the American Recovery and Reinvestment Plan, including initiatives to: 1 . "double the production of alternative energy in the next three years" 2. ...
Obama Shouldn't Cave to the Right on Tax Cuts
realclearpolitics.com 1/8/2009 — The lesson of the Bush era is that relying on tax cuts as the centerpiece -- often the only piece -- of economic policy is just plain bad policy.
Obama Courts Conservatives With Large Tax Cuts In Proposed Stimulus Plan
wonkroom.thinkprogress.org 1/13/2009 — Today, President-elect Barack Obama is scheduled to meet with the heads of both chambers of Congress “ to discuss a massive economic stimulus plan ” that could amount to $775 billion over two years. According to various reports, the ...
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 ...
Obama won't compromise on tax cuts
politico.com 1/27/2009 — Obama has told House Republicans he will not compromise any further on tax cuts in the economic stimulus.
Obama defense choices include lobbyistCNN.com - Politics 1/9/2009
President-elect Barack Obama, who campaigned on lessening lobbyist influence in government, has chosen a defense expert who is currently a vice president and lobbyist for one of the country's biggest defense contractors to be his deputy secretary of ...
Doubts arise over Obama stimulus plan (Politico)Yahoo! News: Politics News 1/9/2009
Politico - After calling on Congress to “act boldly and act now,” Barack Obama got a lesson Thursday from his old Senate Democratic colleagues: a little more time for takeoff could avoid a crash landing of his economic recovery plan.
Obama to name intelligence appointments FridayCNN.com - Politics 1/9/2009
President-elect Barack Obama will announce Friday that he is naming Leon Panetta as CIA director and Dennis Blair as director of national intelligence, two officials close to the transition told CNN Thursday.
Obama-Business Frictions LoomWSJ.com: Politics And Policy 1/9/2009
The financial crisis has thrown Obama into the arms of the business community. The question now is whether they will slide into marital squabbling.
U.S. health care overhaul needn't break bank: studyReuters: Politics 1/9/2009
CHICAGO (Reuters) - An analysis of proposals to overhaul U.S. health care by President-elect Barack Obama and members of Congress suggests it is possible to insure all Americans without significantly raising total health spending.