nakedcapitalism.com - 1/5/2009
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The Wall Street Journal has sent a news alert that says that Obama is mulling a stimulus plan that will rely more heavily on tax cuts than initially envisaged as a way to win needed Republican support. The Journal says tax cuts could be as much as $310 billion, or 40%, of a total package of ...
online.wsj.com - 1/5/2009
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online.wsj.com —
Obama is considering as much as $310 billion
of tax cuts to individuals and businesses, a move...
aimed at attracting Republican support for a stimulus package.
(more)
Obama Eyes $310 Billion Tax Cut
online.wsj.com - 1/5/2009
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online.wsj.com —
[Obama Eyes $310 Billion Tax Cut] Getty Images
President-elect Barack Obama and congressional Democrats are crafting a...
plan to offer as much as $310 billion of tax cuts.
(more)
Obama Eyes $300 Billion Tax Cut
taxvox.taxpolicycenter.org - 1/6/2009
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taxvox.taxpolicycenter.org —
The soon-to-be Obama Administration floated quite a trial
balloon over the weekend: $300 billion in tax cuts...
for workers and business over the next couple of years. When you get past the eye-popping number, perhaps the most striking element is how ...
(more)
Obama's $300 Billion Tax Cut: Lots of Buck, Not Much Bang
Comments
Blog Reactions
Barack Obama channels TigerHawk!
TigerHawk —
... of my proposal, the full deductability of passive losses against ordinary income on the personal income tax. We know that tax shelters will eventually result in too much investment, but that means we also know that they stimulate investment like nothing else. When you are starting from less than zero, you really need to think about unleashing the most powerful gun in your tax policy arsenal. On the other hand, for a reasonably decent critique of tax policy as a device to stimulate, read this . 0 Comments: ...
Nooooo! No More Tax Cuts!
Political Animal —
... more intelligent than the standard cuts in corporate tax rates -- they're targeted at firms who invest, or who hire new workers. That said, there are a lot of reasons not to focus on tax cuts. First, the money we are proposing to spend on stimulus is not free. We are proposing to spend a lot of it, and a lot of economists seem to think that $750 billion is on the low side. For both reasons, it's important to get the greatest possible stimulus per dollar. And tax cuts won't do it. Yves Smith : "In very simple form, stimulus programs of various sorts are meant to compensate for ...
Nooooo! No More Tax Cuts!
Obsidian Wings —
... That said, there are a lot of reasons not to focus on tax cuts. First, the money we are proposing to spend on stimulus is not free. We are proposing to spend a lot of it, and a lot of economists seem to think that $750 billion is on the low side. For both reasons, it's important to get the greatest possible stimulus per dollar. And tax cuts won't do it. Yves Smith: ...
Progressive Breakfast: Tax Cut Redux?
LiberalOasis : The Blog —
... Naked Capitalism frets: "As always, the devil lies in the details, which we will see in due course. But on a first pass, this looks like a pretty big ticket way to co-opt opposition." ...
Obama Courts Conservatives With Large Tax Cuts In Proposed Stimulus Plan
Wonk Room —
... ), at the end of the day they are simply not the best way to kick start the economy. As Yves Smith wrote at Naked Capitalism “the problem with tax cuts is they may not be spent“: ...
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The $300 Billion Tax Cut That Isn't
suitablyflip.com 1/6/2009 — I railed about this on Strategy Room this morning, but I need to get it down on paper screen or it's going to continue to gnaw at me.
Barack Obama's ostensible $300 billion tax cut is anything but. It's being used as a lure, in order to - well, lure ...
Tax Cut Mirage
spectator.org 1/7/2009 —
"Obama Eyes $310 Billion in Tax Cuts" the headline blares .
The Obama team comes to town to start the new year, and the
run-up to his inauguration, with this announcement. How sly.
This Obama tax cut package is to be part of the broader ...
How Much Is Your Tax Cut?
americanprogressaction.org 3/13/2009 — Use Our Calculator to Find Out March 13, 2009 As part of his 2010 budget, President Barack Obama has proposed extending the Making Work Pay tax credit, a permanent payroll tax reduction for workers and their families. This tax cut would be financed by ...
Biggest. Tax Cut. Ever.
washingtonmonthly.com 2/14/2009 — Biggest. Tax Cut. Ever.... A few weeks ago, when the House approved the economic stimulus bill without any Republican votes, David Weigel noted that he literally couldn't remember "a time when the entire Republican conference in either house voted ...
GOP resistant to Obama tax cut - Jonathan Martin
politico.com 1/5/2009 — Republicans normally have never seen a tax cut they didn t love but that doesn t seem to be the case with the economic package being prepared by President-elect Barack Obama. Key GOP members on the Hill are responding warily to word that Obama s ...
Obama: People should see tax cut help by April 1
(AP)
news.yahoo.com 2/21/2009 — AP - It took only a matter of weeks for the notoriously slow Congress to pass the $787 billion economic stimulus package. President Barack Obama signed it into law less than one month into his presidency.
NYT: Obama plan includes $300 billion in tax cuts
msnbc.msn.com 1/5/2009 — President-elect Barack Obama plans to include about $300 billion in tax cuts for workers and businesses in his economic recovery program, as his team seeks to win over Congressional skeptics.
Obama Plan Includes $300 Billion in Tax Cuts
nytimes.com 1/5/2009 — 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. >
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