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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: tax cuts

tax cuts stories: 46 news summaries

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OPINION

 Working Class Picks 
 Wrong Villains 


Sep 17, 09 11:25 AM CDT
(Newser) - When the tea party protesters converged on Washington, one leader, radio demagogue Mark Williams, repeatedly described them as “working stiffs” who felt left out. It’s no wonder they’re angry, writes Timothy Egan for the New York Times, because it’s been a lost decade for “... More »

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Bush administration • conservative • protests • tax cuts • deregulation • Obama administration • President Obama • tea parties

 House Dems' Health 
 Plan Half the Cost 
 of Bush Tax Cuts 


Cuts to cost $2.1 trillion over a decade; Dems' plan to cost $1 trillion

Sep 9, 09 11:17 AM CDT
(Newser) - The House Democrats’ health care plan would cost just half of what President Bush’s tax cuts cost the country, a report by left-leaning researchers says. While the analysts project Bush’s cuts will cost $2.1 trillion in lost revenue over the 10 years since they were enacted, the... More »

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tax cuts • health care reform • House Democrats • economy • George W. Bush • health plan

OPINION

 Biden: Recovery Act Is Working 

Critics attacking 'pet programs' have 'misconstrued' the effort

Jul 26, 09 10:07 AM CDT
(Newser) - Those who dismiss the Recovery Act as “being spent on pet programs” are wrong, writes the man tasked with administering it. Writing in a New York Times op-ed, VP Joe Biden contends that the stimulus has “brought us back from the precipice.” Two-thirds of it “goes... More »

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Joe Biden • recession • unemployment • tax cuts • economic stimulus package • op-ed • financial crisis • economic recovery • American Recovery and Reinvestment Act

 GOP Pushes Budget With
Tax Cuts, $500B Deficit 

Alternative budget overhauls Medicare but repeals Obama spending

Apr 1, 09 11:25 AM CDT
(AP) - House Republicans are pushing an alternative budget plan that would cut income tax rates and radically overhaul Medicare, the AP reports. The plan unveiled today by Paul Ryan of Wisconsin also freezes overall spending on domestic programs and repeals most of the spending in President Obama's recently passed economic stimulus... More »

MORE ABOUT:
Congress • Medicare • budget • tax cuts • House Republicans • President Obama

 Obama: Make 
 Middle-Class Tax 
 Cuts Permanent 

Geithner defends Treasury handling of AIG bonuses

Mar 29, 09 10:29 AM CDT
(Newser) - President Obama hit the Sunday talk show circuit today, vowing to push Congress for a permanent middle-class tax cut for as long as it takes. “I strongly believe that we should continue those tax cuts,” Obama told CBS’ Face the Nation. “It’s still the right thing... More »

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Barack Obama • talk show • tax cuts • banking industry • Face the Nation

Obama Budget Taxes Wealthy
to Expand Health Care

Projects deficit will
soar to $1.75T

Feb 26, 09 7:17 AM CST
(Newser) - President Obama's budget plan, which he delivers to Congress today, attempts to balance a broad spending program with a commitment to slash the deficit in half by the end of his first term. It calls for tax increases on the wealthy and spending cuts to fund a "down payment"... More »

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Barack Obama • cap and trade • budget • tax cuts • health care reform • 2009 budget • Obama administration • Peter Orszag

Obama: We'll Feel
Tax Cuts by April 1

Families to bring home $65 more per month, says prez

Feb 21, 09 7:59 AM CST
(Newser) - Americans will see tangible results from the stimulus—more money in their wallets—by April 1, President Obama said today in his weekly radio address. “Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans,” he said. The Treasury... More »

MORE ABOUT:
tax cuts • economic stimulus package • Obama administration • President Obama • radio address

OPINION

Don't Like the Stimulus? Don't Take the Cash 

Opponents can be 'guinea pigs' for alternate plans: Begala

Feb 16, 09 2:21 PM CST
(Newser) - Here’s a clear way for political leaders to oppose spending in the stimulus package: “refuse to take the money,” Paul Begala writes for CNN. Case in point: South Carolina’s governor, who opposes the plan, shouldn’t help his struggling state with federal cash. Instead, he can... More »

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government spending • South Carolina • tax cuts • federal spending • economic stimulus package • Paul Begala • Mark Sanford • financial crisis

Sarkozy Disses Brown, Vows to Avoid British 'Mistakes'

Paris tries to smooth over diplomatic rift after president's interview

Feb 6, 09 8:56 AM CST
(Newser) - Nicolas Sarkozy used a 90-minute TV interview last night to defend his handling of the global economic downturn—and swore to avoid the "mistakes" of his frequent ally, Gordon Brown. The French president claimed the Brit's decision to cut sales tax had "absolutely not worked." This morning... More »

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Nicolas Sarkozy • France • Gordon Brown • recession • tax cuts

(AP) - The Senate voted tonight to give a tax break of up to $15,000 to homebuyers in hopes of revitalizing the housing industry. The move is a victory for Republicans eager to leave their mark on the mammoth economic stimulus bill. The proposal would allow a tax credit of 10... More »

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tax cuts • housing industry • economic stimulus package • President Obama

What the Stimulus Package Would Get Us

$800 billion, $647-page tome means big gov't again

Feb 1, 09 3:23 PM CST
(Newser) - President Obama’s $800 billion stimulus plan—which stood at 647 pages when it passed the House last week—signals a return to “unabashed” big government, the Los Angeles Times reports. Here’s what it means:
  • For the next 2 years, individuals making under $75,000 will get
... More »

MORE ABOUT:
energy • health insurance • unemployment • infrastructure • tax cuts • unemployment benefits • economic stimulus package • tax credit • emergency aid • Obama administration • President Obama

(Newser) - President Obama listened to Republican gripes about his stimulus plan today, then calmly reminded them that "I won," Politico reports. The GOP is seeking more middle-class tax cuts, among other things, and says the spending package is too large. Further negotiations are planned, but Dems appear to be... More »

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Nancy Pelosi • Barack Obama • Congress • Harry Reid • John Boehner • tax cuts • economic stimulus package • tax rebate • Obama administration • President Obama

 House Dems Debut 
 $825B Stimulus Bill 

Public works, education get plenty of attention in measure

Jan 15, 09 1:55 PM CST
(Newser) - House Democrats today introduced a long-awaited stimulus package, developed with President-elect Obama, and totaling $825 billion, the New York Times reports. The economic recovery plan includes billions in tax cuts, Medicare subsidies, and public-education and infrastructure spending. The Senate is developing its own version, and vigorous debate is anticipated as... More »

MORE ABOUT:
Barack Obama • Congress • House of Representatives • recession • infrastructure • tax cuts • federal spending • economic stimulus package • financial crisis • President Obama • economic downturn • green jobs

Dems Don't Like Obama Tax Cuts

Hill leaders doubt plan's stimulus power, say prez-elect trying too hard to woo GOP

Jan 9, 09 5:35 AM CST
(Newser) - Barack Obama's proposed tax cuts are opening a rift with his former congressional colleagues, the Hill reports. Democratic lawmakers are skeptical as to whether the cuts—which are 40% of the proposed stimulus package—will give the economy the necessary boost. Some think the president-elect is trying too hard to... More »

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Barack Obama • Congress • Harry Reid • tax cuts • economic stimulus package • economic plans • Obama administration • financial crisis • President Obama • Lawrence Summers

(Newser) - Moving to get congressional Republicans on board with his economic stimulus plan, Barack Obama is eying a whopping $310 billion in individual and business tax cuts, reports the Wall Street Journal. The cuts, which dwarf both of President Bush's and could have a much more immediate impact, would make up... More »

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tax cuts • financial crisis • President Obama

Talk Show Roundup

Axelrod to Warren Haters: Get Over It

Obama aide says tax cut coming; Laura
Bush defends George

Dec 28, 08 11:20 AM CST
(Newser) - To those who object to Rick Warren delivering the invocation at Barack Obama's inauguration, chief adviser David Axelrod has a message: chill out. On today's Meet the Press, he heralded the choice as political bridge-building: A conservative pastor praying for a progressive president "is a healthy thing and... More »

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Laura Bush • Fox News • tax cuts • tax hikes • Meet the Press • Rick Warren • David Axelrod • evangelist • President Obama

opinion

 Whom to Thank for This Mess 

Bad decisions starting in the '80s triggered the credit crisis

Dec 9, 08 2:59 PM CST
(Newser) - This financial crisis brewed over decades of bad decisions, and, in Vanity Fair, economist Joseph Stiglitz makes sure credit is given where due:
  • In 1987 President Reagan appointed anti-regulation Alan Greenspan to a regulatory post.
  • Greenspan offered the markets a "flood of liquidity" that boosted inflation
... More »

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Alan Greenspan • tax cuts • Reaganomics • Joseph Stiglitz • bank regulation • deregulation • financial crisis • Wall Street bailout

analysis

Obama's
Agenda Tilts Left—If He Can Pay for It

Tax-cut fight may
define his first year

Nov 25, 08 8:17 PM CST
(Newser) - Will Obama be a progressive president or more of a centrist? Stop looking at Cabinet picks, suggests Nate Silver of FiveThirtyEight.com, and look instead to the president-elect's website. Silver went through Obama's policies and charted them on the political spectrum. The result tilts strongly left on domestic policy, less... More »

MORE ABOUT:
Barack Obama • tax cuts • Nate Silver • President Obama

analysis

Obama Follows Path Laid Out
by Reagan

Similarities helped in victory; challenge now is governing: pollster

Nov 10, 08 10:51 AM CST
(Newser) - Barack Obama's election was an affirmation, not a rejection, of Ronald Reagan’s principles, writes pollster Scott Rasmussen in the Wall Street Journal. Both espoused platforms of hope and tax cuts during administrations that disgusted voters with economic mismanagement. Obama's challenge now is "attempting to govern with a message... More »

MORE ABOUT:
Barack Obama • Ronald Reagan • tax cuts • Election 2008 • President Obama

Pork or Stimulus? Wrangling Sharpens Over 2nd Bailout

Partisan battle lines already being drawn as economic slump appears to worsen

Oct 16, 08 12:25 PM CDT
(Newser) - Congress’ partisan battle over the Wall Street bailout could look amateur compared to what lies ahead, the Los Angeles Times reports, as lawmakers consider a second stimulus package to keep the nation out of a steep recession. Republicans want tax cuts, while Democrats are pushing infrastructure projects and other federal... More »

MORE ABOUT:
Congress • partisanship • recession • tax cuts • pork barrel spending • holiday sales • economic stimulus package • financial crisis

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