Get ready,just a baby step before tossing all those tax breaks for individuals (as if).

“Bowing to widespread Democratic skepticism, President-elect Barack Obama will drop his bid to include a business tax break he once touted in the economic stimulus bill now taking shape on Capitol Hill, aides said last night.

Obama suggested the $3,000-per-job credit last week as one of five individual and business tax incentives aimed at winning Republican support. He proposed $300 billion in tax relief in a bill that could reach $775 billion, and he resurrected the jobs-credit proposal from the campaign trail as one of his main provisions.

Republicans reacted favorably to the higher-than-expected ratio of tax breaks to spending for road projects, alternative energy production, health-care technology and unemployment benefits. But they offered mixed reviews of his specific tax proposals and floated their own, including cuts in corporate and capital gains taxes.

Stronger opposition came from Democrats, who dismissed the $3,000 credit to employers for every job created or saved as ripe for abuse and difficult to administer. When no champion for the proposal came forward, the president-elect decided to sideline the incentive.
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“We’ve always said we’re open to other ideas. This was never set in stone,” said a senior Obama adviser of the decision.”

And so it it will go with every promise, as it’s been his pattern.

“The idea was never set in stone”….

“Yeah, I know what I said, but ……..Hey, can I get back to my waffles?….

Here’s a theme song for the inaugural ball, the Bee-Jee’s …”Jive Talking”:

Its just your jive talkin
Youre telling me lies, yeah
Jive talkin
You wear a disguise
Jive talkin
So misunderstood, yeah
Jive talkin
You really no good