online.wsj.com - 1/6/2009
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Obama Works to Sell Stimulus Plan
bloomberg.com - 1/9/2009
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bloomberg.com —
Jan. 9 (Bloomberg) -- President-elect Barack Obama ’s
top political aides are adapting their campaign tactics to...
selling policy, using data from polls and focus groups to shape the debate over a stimulus plan that may cost at least $775 billion. ...
(more)
Obama Uses Campaign Tactics to Sell Stimulus Plan (Update1)
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Is the Republican Party For or Against Trillion Dollar Deficits?
The Next Right —
... The addition of some $300 billion in temporary tax cuts to the massive $775 billion Obama stimulus is a risk politically and Bushonomics (e.g. tax-cut-and-spend) on steroids policywise. ...
Yeas And Nays On Obama’s Stimulus Tax Cuts
Wonk Room —
... This proposal “would grant an estimated 5.5 million poor children access to the credit for the first time, and expand the tax benefit for millions more poor children who currently qualify for only a partial credit.” As former Secretary of Labor Robert Reich pointed out while advocating for making the Child Tax Credit fully refundable, “Giving American families more economic security during this meltdown isn’t just fair. It’s also good policy, because the money they get to buy goods and services ...
Child Tax Credit
Matthew Yglesias —
... As of January 1, households earning at least $12,500 a year will be eligible for the Child Tax Credit. And one proposal that seems to be in the Obama team’s plan for economic stimulus is to lower that threshold to $3,000. That would offer about $18 billion worth of high-multiplier stimulus, because the beneficiaries would be poor families with a high propensity to consume the marginal dollar rather than wealthy households like to use extra money to try to pick up some bargain investments. But this is a good idea that can be made better by dropping the threshold all the way ...
Appearance and reality of Success
Newshoggers.com —
... one proposal that seems to be in the Obama team’s plan for economic stimulus is to lower that thresholdto $3,000. That would offer about $18 billion worth of high-multiplier
stimulus, because the beneficiaries would be poor families with a high
propensity to consume the marginal dollar rather than wealthy
households likely to use extra money to try to pick up some bargain
investments. But this is a good idea that can be made better by
dropping the threshold all the way down to $0. That would add about
$1.7 billion per year in extra costs, so $3.4 billion over the forecast ...
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Coming Down on Tobacco —
NYT > Politics 1/6/2009
The new Congress plans to move aggressively against the tobacco industry by regulating cigarettes, raising sales taxes and ratifying an international antitobacco treaty. >