BARACK WATCH :: $300 BILLION TAX CUT
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from THISIS50
President-elect Barack Obama and congressional Democrats are working on a plan that would deliver $300 billion worth of tax cuts to individuals and businesses, according to the Wall Street Journal.
The proposed tax cuts, which would make up about 40 percent of the economic stimulus package, may make it easier to attract Republican support for an economic-stimulus package, as many Republicans have said that economic initiatives should rely more heavily on tax cuts rather than spending, according to the Wall Street Journal.
The size of the proposed tax cuts could reach $775 billion over two years, which is a larger amount than many Democrats and Republicans in Congress had anticipated, according to the Wall Street Journal.
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