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nytimes.com - 1/5/2009

Obama Plan Includes $300 Billion in Tax Cuts

— nytimes.com — The breaks for workers and businesses are nods to critics who are worried that the economic recovery program has been too focused on government spending. > (more) Obama Plan Includes $300 Billion in Tax Cuts

Government

Barack Obama

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businessweek.com - 1/12/2009

Why Big Tax Cuts Are Essential

— businessweek.com — Let’s get this straight right away. I’m not a dogmatic supply-sider, who believes that tax cuts are the solution to all economic ills. But I believe that Obama's $300 billion tax cut is essential to ‘recapitalize’ the American consumer, just... (more) Why Big Tax Cuts Are Essential

Government

Barack Obama

Comments vote downundo vote up Abnormal Returns found this 1/12/2009found this

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econospeak.blogspot.com - 1/6/2009

Obama Goes For Tax Cuts

— econospeak.blogspot.com — Jonathan Weisman and Naftali Bendavid report: 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 ... (more) Obama Goes For Tax Cuts

Government

Barack Obama

Comments vote downundo vote up Economist's View found this 1/6/2009found this

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No Stimulus for You!
winterspeak.com — Stimulus Nazi Paul Krugman is unhappy that Barak Obama might implement some of it through tax cuts Is Obama relying too much on tax cuts? I don’t know yet. But news reports this morning certainly raise questions. Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So public investment offers more bang for the buck. Second, public investment ...

News Flash: Obama to Fulfill Campaign Promises!
Angry Bear — Tom Bozzo is amazed at the reaction of leading figures in the left blogiverse to the W$J's "news" that there will be tax cuts as part of the stimulus. See Aravosis, Digby, Krugman, Marshall. Can we cancel the circular firing squad? As far as I can tell from the Journal's reporting, the main tax elements are largely indistinguishable from what Obama was promoting in the fall. Here, for instance, is a snippet of the third debate: [Bob Schieffer:] Senator Obama, you proposed $60 billion in tax cuts for middle- income ...

Some links worth reading on fiscal stimulus
The visible hand in economics — ... On the issue of a US “fiscal stimulus” there have been two main posts that I have found as convincing arguments against the “large stimulus” school of thought that is being sold by Paul Krugman and ...