ourfuture.org - 1/5/2009
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The Wall Street Journal reports this morning that President-elect Barack Obama is planning to devote roughly 40 percent of any new economic stimulus package to tax cuts. Arguing for the idea in the face of failed Bush tax cuts over the last eight years, his spokeswoman is quoted invoking the ...
krugman.blogs.nytimes.com - 1/5/2009
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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?
politico.com - 1/4/2009
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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
realclearpolitics.com - 1/8/2009
Comments
Blog Reactions
Progressive Breakfast: Tax Cut Redux?
LiberalOasis : The Blog —
... CAF's David Sirota criticizes the economic argument, citing EPI and Republican economist Mark Zandi's conclusions that public investment stimulates better than tax cuts, particularly business tax cuts. ...
Republian Idealogues Happy With Tax Cuts, But How About The Poor?
Firedoglake —
... Sirota:
For 30+ years, the conservative movement has insisted that tax cuts are always better economic policy than public spending. And despite the fact that such rigid ideology has proven bankrupt over and over and over again, it still ...
Hullabaloo —
... Incredibly, there's a quote in the WSJ article from am Obama spokeswoman that goes: "We're working with Congress to develop a tax-cut package based on a simple principle: What will have the biggest and most immediate impact on creating private-sector jobs and strengthening the middle class? We're guided by what works, not by any ideology or special interests." ...
Obama's Economic Push: The Good, the Bad & the Ugly
Open Left - Front Page —
... Earlier this week, Obama aides suggested that up to 40 percent of the economic recovery plan could be comprised of tax cuts. The problem with that is three-fold. ...
How Much Should Taxpayers Have to Pay for Political Aesthetics?
Open Left - Front Page —
... I'd say that the only important thing right now is to pass the most responsible, economically pragmatic package possible, which the data show is one comprised primarily of public spending. I'd say that's the most important thing, regardless of whether it passes by one vote or 99 votes. And I'd say that the Beltway's fetishization of "bipartisanship" aside, most Americans don't know - and don't care - by how much any bill passes. All they care about is whether what passes actually works to fix the economy. ...
Miles Mogulescu: Obama Still Should Break Bread With The Real Progressive Media
Politics on HuffingtonPost.com —
... aide to Montana Governor Brian Schweitzer. Sirota is also Director of Strategic Communications for The Center for American Progress, the leading progressive think tank which is headed by Obama transition chief John Podesta. Sirota's writing focuses on working class economic issues. The late Mollie Ivens called Sirota "a new generation populist who instinctively understands that the only real questions are 'Who's getting screwed?' and 'Who's doing the screwing?" Sirota has recently raised question about the tax cuts in Obama's stimulus package which would be interesting for ...
Related Content
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 ...
Frank: Obama stimulus plan too reliant on tax cuts
hotair.com 1/8/2009 — Barney Frank never met a government spending program he didn’t like, at least until now. While expressing his overall approval for the scope of Barack Obama’s stimulus proposal, Frank told NPR that it relies too much on tax cuts to ...
$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 ...
Obama to GOP: No compromise on more tax cuts
twincities.com 1/27/2009 — President Barack Obama rolled into the Capitol with a clear message for Republicans this afternoon: He's happy to talk, but he's not compromising on tax cuts. Obama was ready for the House Republicans to pounce, telling them: "Feel free to whack me ...
Democratic Senators Skeptical Of Obama’s Stimulus Tax Cuts
wonkroom.thinkprogress.org 1/8/2009 — 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 ...
Stiglitz: Just Say No to Tax Cuts
economistsview.typepad.com 1/16/2009 — Joseph Stiglitz on the tax cuts versus spending question: Do not squander America’s stimulus on tax cuts, by Joseph Stiglitz, Commentary, Financial Times : As news of the US economy worsens, worries about whether a stimulus could restart the economy ...
Democrats criticize Obama's proposed tax cuts
(AP)
news.yahoo.com 1/9/2009 — 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 ...
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. >
Obama girls go to school —
CNN Political Ticker 1/5/2009
The Obama transition team has released photos of the Obama girls preparing for school Monday.
WASHINGTON (CNN) — President-elect Barack Obama doesn't begin his term for another two weeks, but daughters Sasha and Malia began theirs on ...
National security team meets Monday —
CNN Political Ticker 1/5/2009
(CNN) — Two US military officials confirmed to CNN that the Obama national security team is scheduled for a transition meeting Monday morning. Expected in attendance: Defense Secretary Robert Gates, Admiral Michael Mullen, Secretary of State ...
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