Obama’s biggest tax breaks aimed at incomes from $38k to $112k; biggest hike for $600k-plus
February 27th, 2009 at 07:36am Pat Cunningham
Bloomberg is out today with an ANALYSIS that says President Obama’s spending and tax programs are aimed at the middle class and could pay long-term political dividends for Democrats.
BONUS: Bloomberg also has THIS PIECE this morning about the influence of the late Nobel laureate James Tobin on the Obama administration’s fiscal policies.
UPDATE: Conservative Charles Krauthammer has his own ANALYSIS of Obama’s plans and likens the president, at least in one sense, to Ronald Reagan.
UPDATE II: Sean Quinn EXAMINES media coverage of Obama’s budget proposals.
UPDATE III: WaPo’s Dan Balz (a friend and neighbor of mine when we were growing up in Freeport) also ANALYZES Obama’s budget.
UPDATE IV: Keith Olbermann and Robert Reich take a look at Obamanomics:
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5 Comments Add your own
1. Mike Carroll | February 27th, 2009 at 12:30 pm
Make sure you stimulate the economy with your “tax” break Pat.
“One-time payment of $250: Because the payroll tax credit only goes to employees and the self-employed, the bill adds something for others as well: a one-time payment of $250 to recipients of Social Security benefits, Railroad Retirement benefits, Supplemental Security Income payments, and pension and disability benefits from the Veterans Administration.”
2. Pat Cunningham | February 27th, 2009 at 2:13 pm
Mike: I didn’t know that. Thanks for the good news. That Obama! What a guy!
3. Mike Carroll | February 27th, 2009 at 4:42 pm
I assume that it is merely a coincidence that the amount is exactly the same as the Social Security death benefit.
4. Juice | February 27th, 2009 at 7:09 pm
Robert Reich (3 phonebooks). I heard some analysis on the John Kasich/Newt Gingrich/Bill Clinton mid-90’s balanced budget and the 10 good years that followed…back when congress was bi-partisan, made deals with the President, and actually cut lots of spending and reduced gov’t welfare payments and dependancy. Talk about the total opposite now!
5. Juice | February 27th, 2009 at 7:12 pm
Is the $112K ceiling for singles or family? These guys tend to talk slicker than Willy.
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