Obama has decided the best way to go is to fail with tax cuts.
President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion of tax cuts to individuals and businesses, a move aimed at attracting Republican support for an economic-stimulus package and prodding companies to create jobs.The Republicans have never been weaker - so may as well give them what they want.
The size of the proposed tax cuts -- which would account for about 40% of a stimulus package that could reach $775 billion over two years -- is greater than many on both sides of the aisle in Congress had anticipated.
This is an epic fail and will really, really hurt out ability to get out of this depression.
No comments:
Post a Comment