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Obama's $300 Billion Tax Cut: Lots of Buck, Not Much Bang

Paul Krugman found this 1/7/2009 on taxvox.taxpolicycenter.org

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 ...