stephanie
01-11-2009, 07:38 PM
man oh man..
By REUTERS
Published: January 11, 2009
Filed at 6:42 p.m. ET
Skip to next paragraph WASHINGTON (Reuters) - Senate Democrats said on Sunday President-elect Barack Obama's proposals to stimulate the economy would likely undergo big changes to address their concerns and ensure they will revive economic growth.
Obama's outline for an $800 billion stimulus plan called for 40 percent of it to be in the form of tax cuts, an effort to win over Republicans who have expressed concerns about major spending on infrastructure projects also in the package.
But Democrats complained that the $10 billion in energy tax breaks were not enough and also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.
read it all here..
http://www.nytimes.com/reuters/2009/01/11/washington/politics-us-usa-obama-economy.html?_r=1
By REUTERS
Published: January 11, 2009
Filed at 6:42 p.m. ET
Skip to next paragraph WASHINGTON (Reuters) - Senate Democrats said on Sunday President-elect Barack Obama's proposals to stimulate the economy would likely undergo big changes to address their concerns and ensure they will revive economic growth.
Obama's outline for an $800 billion stimulus plan called for 40 percent of it to be in the form of tax cuts, an effort to win over Republicans who have expressed concerns about major spending on infrastructure projects also in the package.
But Democrats complained that the $10 billion in energy tax breaks were not enough and also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.
read it all here..
http://www.nytimes.com/reuters/2009/01/11/washington/politics-us-usa-obama-economy.html?_r=1