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taxvox.taxpolicycenter.org - 1/7/2009
Obama's $300 Billion Tax Cut: Lots of Buck, Not Much Bang
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The soon-to-be Obama Administration floated quite a trial balloon over the weekend: $300 billion in tax cuts for workers and business over the next couple of years. When you get past the eye-popping number, perhaps the most striking element is how conventional most of the ideas are. For ...
Obama Eyes $300 Billion Tax Cut
online.wsj.com - 1/5/2009
Obama Eyes $300 Billion Tax Cut
— online.wsj.com — [Obama Eyes $310 Billion Tax Cut] Getty Images President-elect Barack Obama and congressional Democrats are crafting a plan to offer as much as $310 billion of tax cuts. (more) Obama Eyes $300 Billion Tax Cut

Comments vote down naked capitalism found this 1/5/2009found this
Obama Plan Includes $300 Billion in Tax Cuts
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

Comments vote down Economist's View found this 1/5/2009found this
nakedcapitalism.com - 1/5/2009
Obama Considering $310 Billion Tax Cut
— nakedcapitalism.com — The Wall Street Journal has sent a news alert that says that Obama is mulling a stimulus plan that will rely more heavily on tax cuts than initially envisaged as a way to win needed Republican support. The Journal says tax cuts could be as much as ... (more) Obama Considering $310 Billion Tax Cut

Comments vote down Abnormal Returns found this 1/5/2009found this

Blog Reactions

Paul Krugman:  More stimulus notes

J. Bradford DeLong's Grasping Reality with All Eight Tentacles:  Note to Self: The Tax Cut Component of the Obama Fiscal Plan

Capital Gains and Games:  Not Another New Jobs Tax Credit!!!

Comments
Blog Reactions

More stimulus notes
Paul Krugman — ... is out. Above is its forecast for the GDP gap — the hole stimulus has to fill. I’d guess that the CBO estimate, which has unemployment averaging 8.3 percent in 2009 and 9 percent in 2010, is actually too optimistic (see 3, below), but even so it puts the Obama plan in perspective: a 3% of GDP plan, with a significant share going to ineffective tax cuts, to fill an 8% or more gap. 2. How ineffective? Howard Gleckman of the Tax Policy Center says Lots of Buck, not Much Bang . 3. The official BLS numbers won’t be out until Friday, but the ADP jobs estimate, based on private ...

Note to Self: The Tax Cut Component of the Obama Fiscal Plan
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — ... TaxVox: the Tax Policy Center blog :: Obama's $300 Billion Tax Cut: Lots of Buck, Not Much Bang: The soon-to-be Obama Administration floated quite a trial balloon over the weekend: $300 billion in tax cuts for workers and business over the next couple of years. When you get past the eye-popping number, perhaps the most striking element is how conventional most of the ideas are. For individuals, they’d include some version of Obama’s Making Work Pay Credit, a refundable tax credit (aka cash payment) for everyone making roughly $200,000 or less. Obama aides did not say ...

Not Another New Jobs Tax Credit!!!
Capital Gains and Games — ... economist, Deputy Assistant Treasury Secretary Emil Sunley, recounted the New Jobs Tax Credit debate here in an excerpt from The Economics of Taxation, by Henry Aaron and Michael Boskin.  Click on the link at the bottom for the complete chapter. This Congressional Research Service report has a good synopsis on page 5.  Check out the studies cited in footnote 6. Howard Gleckman of the Urban-Brookings Tax Policy Center blogged well on this on January 5 and on January 9, 2009. Here's a proponent of reviving the New ...

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