For general discussion and debate. Possible talking point: Socialist tax cuts?
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 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. It may make it easier to win over Republicans who have stressed that any initiative should rely more heavily on tax cuts rather than spending.
Is this real, or a political maneuver to get Republican support for his stimulus package? If the former, how will this fly with his supporters who were expecting tax increases to punish those awful rich people?
