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corner.nationalreview.com - 1/13/2009

GOP Seeks Alternative Stimulus Proposals

— corner.nationalreview.com — Republicans are taking President-elect Obama at his word that he wants bipartisan input for the stimulus package.... To that end, they will be holding an unofficial hearing in the Cannon office building on Thursday morning. A House Republican working ... (more) GOP Seeks Alternative Stimulus Proposals

Congress

Barack Obama

Eric Cantor

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krugman.blogs.nytimes.com - 1/18/2009

An alternative economic strategy

— krugman.blogs.nytimes.com — The interest rate is up against the zero lower bound; the fiscal stimulus doesn't look big enough;... the TARP has been a disappointment. What to do? My wife suggests that we might try sacrificing a few bankers - central bankers, investment bankers, ... (more) An alternative economic strategy

TARP

Comments vote downundo vote up Corrente found this 1/18/2009found this

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Stimulus vs. Permanent
Matthew Yglesias — ... Not only is this barrel full of tax cuts proposed by the Republican Study Committee pretty bad stimulus, but to even call a package of permanent tax cuts a “alternative stimulus” is a serious abuse of the term. The idea of a stimulus measure is that you increase the budget deficit over the short-term to try to get the economy back to something like a full employment of available resources. But a permanent increase in the deficit extends, by definition, into non-recessionary periods in which such deficits operate as a drag on growth. ...

uggabugga — Republican stimulus plan won't stimulate: But it will make the economically secure better off. Via Matt, this from Armbinder: cut marginal income tax rates across the board by five percent increase the child tax credit to $5000 make the 15% capital gains and dividends tax rate permanent repeal the AMT on individuals cut the top corporate tax rate bracket by ten percentage points end the capital gains tax on inflationRepublicans will say that this is designed to stimulate the economy but the ...

Have Republicans Lost Their Way on Taxes?
FiveThirtyEight: Politics Done Right — The Atlantic's Marc Ambinder has the details on the Republican Party's alternative to the stimulus package, which comes in the form of a big, heaping pile of tax cuts: ...

Congressional Leaders of Both Parties Headed to White House Tomorrow
TPM Election Central — ... Robert Gibbs said today. Obama's first meeting as president with his former Capitol colleagues is destined to be a photo opportunity. But it's also a chance to test whether Obama can still assemble the bipartisan coalition that his team once hoped would help pass the stimulus measure. Achieving 80 votes in the Senate may be out of reach given the pre-inaugural pushback from Republicans in the upper chamber, and House conservatives have already offered their own tax-cut-centric recovery plan. But the biggest roadbloack of all for Obama could be a ...