“President-elect Barack Obama and congressional Democrats are crafting a plan to offer about $300 billion in 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 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, and may make it easier to win over Republicans who have stressed that any initiative should rely relatively heavily on tax cuts rather than spending.
The Obama tax-cut proposals, if enacted, could pack more punch in two years than either of President George W. Bush’s tax cuts did in their first two years. Mr. Bush’s 10-year, $1.35 trillion tax cut of 2001, considered the largest in history, contained $174 billion of cuts during its first two full years, according to Congress’s Joint Committee on Taxation.”
Funny how so far there are no updates from the ObamaPress about the left-wing plans he championed all along the campaign (public health care, quitting Iraq, changing abortion laws, etc). And it is even funnier when that same press masks these measures as “aimed to win over Republicans” since we are real minorities on both house and senate right now…
Maybe he likes so much to think of himself as Lincoln that he will end up being a Republican… Who knows, I might end up genuinely liking the SuperBama!