Michelle Can Get a New Pair of Earrings

3 years ago

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Well, I've got to admit, this sounds intriguing. I mean, tax cuts are more likely to benefit the average American than all those "shovel-ready" projects (unless you're in construction, which 96% of us aren't).

President-elect Barack Obama today kicked off his campaign to win approval of his economic stimulus plan, launching a series of face-to-face meetings on Capitol Hill to sell a plan that will now likely include $300 billion in tax cuts and another $500 billion, or more, in spending.

Hmmm, smarter than the average Clinton. Bill pushed through a 1993 tax bill with no Republican support and had to own it completely. Even if you can steamroller the GOP, doesn't mean you should. But what's in the tax cuts?

Searching for Republican votes, Obama's aides indicated Sunday that the still emerging plan would include at least $300 billion in tax cuts, including a $500 individual tax credit and a host of business credits. That's an increase of about $100 billion in tax cuts from the estimates aides provided during pre-Christmas negotiations among Obama's advisers and House and Senate Democrats.

Wait, what? Did Obama check with Michelle first? Because we all know how she feels about those piddly rebates...

"You're getting $600 - what can you do with that?" Mrs. Obama said in Pontiac, Michigan last week. "Not to be ungrateful or anything, but maybe it pays down a bill, but it doesn't pay down every bill every month. The short-term quick fix kinda stuff sounds good, and it may even feel good that first month when you get that check, and then you go out and you buy a pair of earrings."

Of course that was on the campaign, silly me. And besides, I need a new pair of earrings. And I sure am glad we're not doing any short term, quick fix kinda stuff. (Harvard educated people talk like that, so I can too).

Filed Under: Economy, Taxes, Obama Administration

Tagged: obama, tax cut, TaxCut

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