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Click here to visit the new home of Politics Daily!(Sept. 2) -- A Wall Street Journal story says the Obama administration is considering tax cuts and other stimulus measures, sending the blogosphere into a flurry of activity. A later White House statement (see "Update") suggesting such reports were "premature" has done little to calm the waters. Early buzz is mostly centering on the possibility of a payroll tax cut. There are two considerations: politics and economics. Would the tax cuts the administration might be considering make sense in this climate? Here's the debate. The Cuts Would Have to Be Simple "to make any headway (as a political ...
Sen. Barack Obama's tax proposals have been getting a more critical look in the press and by watchdog groups as the presidential election draws closer. Those reviews are increasingly finding Obama's tax plan and his claims lacking. Americans for Tax Reform calls Obama's plan and a new tax calculator he has posted on his campaign website, "misleading," and, "a deliberate attempt to deceive voters." And an editorial in the key swing state of Pennsylvania questions the entire premise of Obama's proposal, calling it not tax cuts, but "welfare payments."The Pittsburgh Tribune-Review's editorial ...
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