Obama: $300 billion in tax cuts
President-elect begins push on Hill for rescue proposal. On tap: Breaks for workers and businesses, energy and road and school construction.
Now we're talking. Combine this with non-NASA/defense/border spending cuts and I'll put an Obama sticker on my Suzuki.
Except this part, it's stupid to give tax rebates to people who don't even pay taxes
Quote:
|
The tax credit is likely to be offered only to those below a certain income level, but the Obama team hasn't specified where the cut-off point would be. The credit also would be refundable, meaning that even tax filers without any tax liability -- typically very low-income workers -- would receive one.
|