UPDATED “American Recovery and Reinvestment Plan.” Tax and Spend Boys!
The bill has no text or details yet, but it does have a name: Obama revealed Saturday in his YouTube/radio address that it will be called the “American Recovery and Reinvestment Plan.”
The stimulus plan — with a price tag of up to $850 billion — is likely to be ready for a vote the following week, officials said.No draft or outline or outline was circulating this weekend, but House Democratic officials said they hope to have one by early next week.
“Every dollar needs to be spent wisely and not wasted in the rush to get it spent,” McConnell said.
Raising taxes at the gas pumps!
A 50 percent increase in gasoline and diesel fuel taxes is being urged by a federal commission to finance highway construction and repair until the government devises another way for motorists to pay for using public roads. Read more
Obama plans to unveil big tax cuts
Obama plans to ask Congress for a stimulus package of $675 billion to $775 billion, so the planned tax cuts will total about $270 billion to $310 billion, the officials said.
Obama strategists say he wants to get 80 or more votes in the 100-member Senate, and the emphasis on tax cuts is a way to defuse conservative criticism and enlist Republican support.
But officials say the tax cuts will be based on historical and empirical evidence of what works, not ideology. Rather, the targeted tax cuts will be designed to stimulate job growth in the private sector and help middle class families, the officials said.
For families, the tax cuts include the $500 “Making Work Pay” payroll tax credit Obama proposed during the campaign. Read More
The democrats are fast at wanting to vote on any kind of spending bill…its not even been drafted yet and they’re wanting to vote! Smile and spend boys will show you how to spend your tax money. After the spending bill comes the bigger tax bills! Is these the same people that many of them voted against our troops getting better safety equipment including Barack Obama? I thought so! Obama’s tax cuts are to get the republicans votes…but the real reason is that the democrats don’t want the blame for big spending to fall totally onto their shoulders. The republicans has not learn from their mistakes of the past. Smile and spend boys!
LINKS:
(1) Let’s Just Admit It’s Socialism Once and For All
(2) U.S. Debt Set to Jump $2 trillion This Year Due To Spending
(3) Mitch McConnell gives us another head-banging-against-the-wall moment“McConnell says GOP could back stimulus.”
It tickles me the way his aides have to start spinning immediately. 600000 brand new government workers? No, no. Much fewer than that. Plus, that figure would include state and local drones saved from the budget ax. Yes, yes, Obama said he was creating jobs, not saving them, but, you know …
Why don’t they just admit that the Lightworker transcends arithmetic? 2 + 2 = 5? Yes we can!
Related Our-Enemy-The-State info. Glenn Reynolds has lately been collecting data on pension arrangements for state and local gummint workers. What a disastrous laugh.
http://pajamasmedia.com/instapundit/?s=underfunded