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TaxCut
Obama's Middle Class Tax Cut in Jeopardy
By Mark Impomeni - Politics DailyWhite House Office of Management and Budget Director Peter Orszag laid the groundwork in a conference call with reporters last week for the Obama Administration to drop one of its signature campaign promises from this year's budget. President Obama repeatedly promised during the campaign to enact a "tax cut" for 95% of Americans as part of his economic rescue plans. But now, as Congressional leaders scale back the president's $3.6 trillion budget proposal, the Administration appears unwilling to press for the tax relief the president campaigned on.Orszag told reporters in advance of President ...
Michelle Can Get a New Pair of Earrings
By Dave - Politics DailyWell, 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 ...
Senate Looks to Influence Stimulus Package
By Mark Impomeni - Politics DailyThe Senate is the next stop for the bipartisan economic stimulus deal reached by leaders of the House on Wednesday. The House deal calls for rebate checks of $300 per individual, $600 per family, for workers earning more than $3000 per year, and one-time business tax breaks altogether totaling $150 billion. Left out of the deal were extended unemployment benefits, increased infrastructure, and expanded food stamps, among other traditional Democratic economic elixirs.But senators of both parties see their negotiations as an opportunity to add favorite ideas or rectify omissions in the House ...
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