Archive for "tax-relief"

Obama is Jumping All Over the Economy

January 6th, 2009

Obama

 President-elect Barack Obama is making it clear what his priority is, announcing that he is seeking a whopping $300 million in tax breaks for individuals and businesses. The cuts are aimed at reviving an economy locked in a recession that shows no end in sight. On Monday, Obama began meeting with lawmakers from both parties – including House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Harry Reid (D-Nev.), as well as Senate Minority Leader Mitch McConnell (R-Ky.), and House Minority Leader John Boehner (R-Ohio) – to hammer out a plan for delivering a wide-ranging stimulus package. Obama has not officially put a price tag on tax plan, but his advisers have said it could fall between $675 billion and $775 billion; about 40 percent of that would be in tax cuts. Read more here.
 

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