Obama Suggests Tax Cuts To Stimulate Economy
P. Kane, L. Montgomery, S. Murray | January 7, 2009
President Obama has introduced a new stimulus plan to revive the US economy. ++ While the plan aims to reduce tax payments by $300 and provide relief to both families and business, US officials warn against the unnecessary spending that usually accompanies tax cuts. ++ While the complete plan has yet to be worked out, the Obama administration has characterized it as ‘ideologically neutral.’ ++ Some Republican members seem to doubt the effectiveness of the new stimulus package but appreciate the President’s attempt to openly discuss the plan.
