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Obama plans to unveil big tax cuts
President-elect Obama plans to propose huge tax cuts for businesses and middle-class workers that will total about 40 percent of the package.
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 Plans to Keep Estate Tax
Obama Plans to Keep Estate Tax
online.wsj.com — Obama and congressional leaders plan to move soon to block the estate tax from disappearing in 2010. (more) Obama Plans to Keep Estate Tax
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
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Stimulus Bill Will Take Longer Than Expected
The Page by Mark Halperin — ... And: Obama proposes that 40 percent of the stimulus package will consist of tax cuts for businesses and middle-class workers. ...

Newspaper Roundup for Jan. 5, 2009
CNSNews.com Headlines — Home News National CNSNews.com Newspaper Roundup for Jan. 5, 2009 Monday, January 05, 2009 By Susan Jones, Senior Editor Boston Globe: Naked women snowboard graphics test liberal Vermont USA Today: Home schooling s popularity keeps rising Los Angeles Times: Britain moves to curb rise in knife violence Politico: Big tax cuts in the works Washington Times: Democrats pursue ambitious agenda on Hill Rocky Mountain News: Lincoln carriage offered to Obama Politico: GOP protests term limit change ...

Stimulus Bill May Take Longer Than Expected
The Page by Mark Halperin — ... of the stimulus package will consist of tax cuts for businesses and middle-class workers. ...

Monday Morning Open Thread
AMERICAblog News| A great nation deserves the truth — ... 40% of Obama's plan will be tax cuts. That's not what most people expected. Apparently, the main goal is picking up Republican votes. According to Politico's sources, the goal is 80 votes in the Senate: ...

Do You Remember
The Corner on National Review Online — ... and evidently deliver a major policy speech acting as president? I thought it responsible of him to not talk Mideast policy over the holidays on the principle that there is only one president at a time. But that position may be a thing of the past with his arrival in D.C. It's not the biggest deal in the world after all, he will be president before long. But we do still have another man in the Oval Office, and that ought to be respected. ...

Krugman: Obama Relying Too Much On Tax Cuts?
The Huffington Post | Full News Feed — ... to come on board. Make 40% of the package tax cuts, they'll demand 100%. Then they'll start the thing about how you can't cut taxes on people who don't pay taxes (with only income taxes counting, of course) and demand that the plan focus on the affluent. Then they'll demand cuts in corporate taxes. And Mitch McConnell is already saying that state and local governments should get loans, not aid -- which would undermine that part of the plan, too. Politico reported Sunday night that 40 percent of the plan's cost will come from tax breaks. "Obama ...

Krugman: Obama Relying Too Much On Tax Cuts?
Politics on HuffingtonPost.com — ... to come on board. Make 40% of the package tax cuts, they'll demand 100%. Then they'll start the thing about how you can't cut taxes on people who don't pay taxes (with only income taxes counting, of course) and demand that the plan focus on the affluent. Then they'll demand cuts in corporate taxes. And Mitch McConnell is already saying that state and local governments should get loans, not aid -- which would undermine that part of the plan, too. Politico reported Sunday night that 40 percent of the plan's cost will come from tax breaks. "Obama ...

Progressive Breakfast: Tax Cut Redux?
LiberalOasis : The Blog — ... Politico on the political argument: "Obama strategists say he wants to get 80 or more votes in the 100-member Senate, and the emphasis on tax cuts is a way to defuse conservative criticism and enlist Republican support." ...

Republian Idealogues Happy With Tax Cuts, But How About The Poor?
Firedoglake —   Politico: Obama strategists say he wants to get 80 or more votes in the 100-member Senate, and the emphasis on tax cuts is a way to defuse conservative criticism and enlist Republican support.  ...

Obama’s #1 Priority Is Bipartisanship
Firedoglake — For a long time progressive and conservatives alike have been reading the tea reads trying to figure out what Obama's priorities are.  Is he a hidden progressive or is he a conservative in sheep's clothing, or does he mean what he says about being a post-partisan figure. Chalk another one up for "believing people when they tell you who they are". Politico: ...

Obama's clever fiscal stimulus strategy
The Next Right — Barack Obama appears to be making significant overtures to cultivate Republican support for his fiscal stimulus plan with massive tax cuts (albeit short-term tax shifts rather than structural changes or actual cuts).  The Leftroots (and Paul Krugman) are fairly upset about this.  Kevin Drum says this attempt to win bipartisan support (rather than just the few Republican votes he absolutely needs to secure passage) is a bad idea, because Obama is making concessions he doesn't have to make and diluting ...

Krugman: "It’s time for Mr. Obama to go on the offensive." And, it sounds like Obama is getting fired up.
AMERICAblog News| A great nation deserves the truth — ... What's important now is solving the problem. Of course, Krugman has sage advice there, too. Obama would do well to listen to Paul Krugman right now and not his high paid political consultants and advisers who came up with that failed plan to get 80 votes in the Senate, which actually just empowered the Republicans. "The Obama strategists" who leaked that to the Politico last month are idiots. That not only didn't work, it's been a disaster. Americans need leadership from our president and Krugman has a strategy: ...

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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.
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 won't compromise on tax cuts
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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 ...
Tax Cuts Aren't The Solution
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Obama Plans to Keep Estate Tax
online.wsj.com 1/12/2009 — [Obama Plans to Keep Estate Tax] Getty Images Barack Obama plans to move to block the estate tax from disappearing in 2010.
Obama's "Tax Cuts"
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$300 Billion in Tax Cuts?
talkingpointsmemo.com 1/5/2009 — I'm going to dig more into the details on this tomorrow. But this is starting to sound like a pretty big chunk of the stimulus bill is aimed at garnering GOP support. I really hope we're not putting the cart before the horse here. And these ...
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Obama Plans to Keep Estate Tax
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