What a crock.

“WASHINGTON — 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.

President-elect Barack Obama and congressional Democrats are crafting a plan to offer as much as $310 billion of tax cuts.

The Obama tax-cut proposals, if enacted, could pack more punch in two years than either of President George W. Bush’s tax cuts did in their first two years. Mr. Bush’s 10-year, $1.35 trillion tax cut of 2001, considered the largest in history, contained $174 billion of cuts during its first two full years, according to Congress’s Joint Committee on Taxation. The second-largest tax cut — the 10-year, $350 billion package engineered by Mr. Bush in 2003 — contained $231 billion in 2004 and 2005.

Republicans and business leaders hadn’t seen specifics of the proposals Sunday night, but welcomed the idea of basing a bigger proportion of the stimulus plan on tax cuts. Their response suggests the legislation could attract relatively broad support, and it highlighted the Obama team’s determination to win backing from varied interests.”

Yeah, lead them to the slaughter. Forget the fact that just about every conservative blogger and pundit is drinking the juice on this one, just where will THE ONE get the cash for this when he’s spending up to a trillion in stimulus?

Or how do you balance government by cutting taxes while cutting spending, while at the same time cutting taxes and increasing government spending and the size of government?

My what a spell he’s put people under. Of course this is all utter nonsense. Remember that ever shrinking threshold of income cap?

“On the campaign trail, Mr. Obama said he would phase out a similar tax-credit proposal at around $200,000 per household, but aides said they haven’t settled on an income cap for the latest proposal.”

Ah, but it was $250,000, then $200,000, then $150,000, then $125,000. What will be the new cap? $42,000? It’s already there folks, as your democratically controlled congress already voted last year to end the Bush tax cuts. So – to borrow the words of Frank Zappa – “Just who are you jiving with this Kosmik Debri?”

But then again, Democrats aren’t interested in telling the truth of their intentions, they are simply trying to get “over the opposition”.

“An array of business tax cuts could help overcome such GOP opposition, enabling the Democrats to present their plan as a balanced mix of tax cuts and spending. It also would likely encourage business interests to lobby hard for its enactment.”

Yeah, lead them in with sweets, and let ‘em have it. Dopes.

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