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Senate Democrats See Changes In Stimulus Plan (fewer tax cuts, more spending)
Reuters / New York Times ^ | January 11, 2009 | Eric Walsh

Posted on 01/11/2009 4:19:32 PM PST by reaganaut1

WASHINGTON (Reuters) - Senate Democrats said on Sunday President-elect Barack Obama's proposals to stimulate the economy would likely undergo big changes to address their concerns and ensure they will revive economic growth.

Obama's outline for an $800 billion stimulus plan called for 40 percent of it to be in the form of tax cuts, an effort to win over Republicans who have expressed concerns about major spending on infrastructure projects also in the package.

But Democrats complained that the $10 billion in energy tax breaks were not enough and also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.

The energy tax breaks will likely increase, possibly to as much as $25 billion, and changes may be in store for the other two tax breaks that were a source of Democratic concern, lawmakers said after meeting with Obama's economic advisers.

"There are significant changes already being put in place and being contemplated," Sen. John Kerry, a Massachusetts Democrat, told reporters. "I think it's moving in the right direction and I think we're making a lot of progress."

He said he believed the middle-class tax cut and job hiring credit would change.

It was the second meeting in four days between the Senate Democrats and Obama's incoming director of the National Economic Council Larry Summers and other advisers to hash out details of the economic stimulus plan.

Democrats went out of their way to praise the latest round of talks with Obama aides after initial criticism surfaced about the economic plan and prompted questions about whether the new president would have trouble getting his agenda through the Congress, which is controlled by members of his own party.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 111th; bhostimulus; democrats; senatedemocrats; stimulus; taxcuts; taxes
As if a President Obama were not frightening enough, many Congressional Democrats are even worse. They think tax cuts for anyone who actually pays taxes are a waste because they might be saved (GASP!). The NYT has an editorial today on this topic The Stimulus Debate .
1 posted on 01/11/2009 4:19:32 PM PST by reaganaut1
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To: reaganaut1

So now John effin Kerry is crafting an economic stimulus?

I hope that works out better than his foreign policy suggestions over the past 4 decades


2 posted on 01/11/2009 4:21:45 PM PST by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: reaganaut1
Spend your way out of debt! LOL! Ya gotta love it!

Way to go America! Ya done good in November! I love this country!

3 posted on 01/11/2009 4:21:51 PM PST by FlingWingFlyer (CIA Director!....So easy, a caveman can do it!)
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To: reaganaut1

These charlatan commies are not fooling anyone. ANYTHING that would improve our capitalist economy is forbidden. We must work hard to put all wealth and control in the hands of the socialist government -—


4 posted on 01/11/2009 4:23:28 PM PST by EagleUSA
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To: reaganaut1

I don’t know what’s going to kick off the second civil war in this country......but I know what the sides are going to be, and some of what Congress has been doing the last few years - and what they’re going to soon be doing - will play a part in it.


5 posted on 01/11/2009 4:27:03 PM PST by Psycho_Bunny (ALSO SPRACH ZEROTHUSTRA)
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To: reaganaut1

The Rats always see more spending.. and on the wrong stuff!


6 posted on 01/11/2009 4:28:28 PM PST by SandRat (Duty, Honor, Country! What else needs said?)
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To: reaganaut1

I’m shocked. Dems want less tax cuts and more spending? What a surprise...


7 posted on 01/11/2009 4:29:44 PM PST by tips up
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To: reaganaut1

“But Democrats...also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.”

I’d be more outraged if I was certain 0bama’s proposed plans actually include a genuine tax cut for people who actually pay taxes in the first place. Still, the arrogance of Congress makes the hackles on my neck stand up.


8 posted on 01/11/2009 4:30:29 PM PST by DemforBush (Sarah Sarah Sarah!)
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To: reaganaut1
Funny!

All it would take is for the government to make the President Bush tax cuts permanent BUT these bumbling self righteous fools have to tinker with it to justify their existence and make matters intolerably worse in the process.

Life in the U.S.A. these days...

9 posted on 01/11/2009 4:31:53 PM PST by EGPWS (Trust in God, Question everyone else)
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To: reaganaut1
But Democrats complained that the $10 billion in energy tax breaks were not enough and also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.

The energy tax breaks will likely increase, possibly to as much as $25 billion, and changes may be in store for the other two tax breaks that were a source of Democratic concern, lawmakers said after meeting with Obama's economic advisers.

Obama/Axelrod is a slick operator. He's beholden, big time, to the "alternative energy" interests (ethanol first on the list), so hey, it's Congress that's taking those "tax breaks" (which really weren't) away. He's just an innocent bystander, after all.

10 posted on 01/11/2009 4:34:00 PM PST by browardchad
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To: reaganaut1

I just can’t wait to see what they come up with for the People’s Uniform in the new Unionized Socialist America.

These creeps are really starting to raise the ire of a lot of folks.

Time to refresh the tree of Liberty, IMO...


11 posted on 01/11/2009 4:40:09 PM PST by PubliusMM (RKBA; a matter of fact, not opinion)
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To: reaganaut1

We will end up with equal outcome tax increases and more programs. Many more government employees. Rationing. 5 year plans. etc./ etc. Plan your escape now. Cash out tune out and dissapear.


12 posted on 01/11/2009 4:41:13 PM PST by screaminsunshine (.)
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To: PubliusMM

“I just can’t wait to see what they come up with for the People’s Uniform in the new Unionized Socialist America.”

Peoples Unionized Socialist States of America...Homes;

The acronym says it all .... PUSSAH


13 posted on 01/11/2009 4:44:21 PM PST by wxgesr (I want to be the first person to surf on another planet!)
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To: reaganaut1

It is going to be an economy destroying mess where only the harlots of DC will stand to gain..

Remember the Horse in the Roman senate?

we now have 536 Horses-asses.


14 posted on 01/11/2009 4:46:09 PM PST by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: Psycho_Bunny

...and I know who will win.


15 posted on 01/11/2009 4:49:47 PM PST by NoControllingLegalAuthority
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To: reaganaut1
Time to write to the senators -- your individual senators would be best. No new taxes, give us tax breaks, and stop the spending!!

U. S. Senate

FReep 'em, guys and gals!

16 posted on 01/11/2009 5:37:24 PM PST by Salvation ( †With God all things are possible.†)
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To: EagleUSA
These charlatan commies are not fooling anyone.

They are not charlatan commies. They are real commies as real as any Bolshevik. They legislation will get progressively worse. In two years, the rats will have 65 to 70 senate seats and 2/3 of the house. I suspect that they will try to pass some new constitutional amendments limiting political speech, enshrining racial preferences, and empowering labor unions.

17 posted on 01/11/2009 5:49:45 PM PST by businessprofessor
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To: reaganaut1

Let the Democrats take 100% of the credit, then when it fails they can take 100% OF THE BLAME! ;).


18 posted on 01/11/2009 5:51:41 PM PST by JSDude1
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To: reaganaut1
All tax cuts are not equal. We need:

Capital Gains tax cut to 0% for 10 years.

Corporate Income Tax cut to 0% for 10 years.

Personal Income taxes capped at 28% for ten years.

19 posted on 01/11/2009 5:58:12 PM PST by Mikey_1962 (Obama: The Affirmative Action President)
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To: reaganaut1

I have two words of advise for those of you who want to survive this. Black market. Carve out your niche soon, because these Marxist goons plan to go all the way, and fail just like all the evil moonbats that have preceded them.


20 posted on 01/11/2009 6:35:39 PM PST by pallis
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To: FlingWingFlyer
Spend your way out of debt! LOL! Ya gotta love it!

Recently I ran across a liberal on a message board who, in defense of Obamas stimulus plan, insisted that we needed to spend money in order to save money.

He was dead serious.

21 posted on 01/11/2009 7:36:01 PM PST by lowbridge
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To: wxgesr

Make it “Homie America” and you’ve got PUSSHA. Which sounds a lot like what we’ll be saying after each Democratic pronouncement.


22 posted on 01/11/2009 7:39:51 PM PST by ArmstedFragg
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To: reaganaut1
But Democrats complained that the $10 billion in energy tax breaks were not enough and also questioned whether a $1,000 tax cut for middle class workers and a $3,000 tax break for each new worker businesses hire would actually boost the economy.

Headline: "Democrats oppose middle class tax cuts."

23 posted on 01/11/2009 7:42:17 PM PST by ArmstedFragg
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To: businessprofessor

They are real commies as real as any Bolshevik.
:::::::::::
Maybe, just maybe, it distills down to how long the people of this country will put up with it......


24 posted on 01/11/2009 7:45:45 PM PST by EagleUSA
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To: ArmstedFragg

“Make it “Homie America” and you’ve got PUSSHA. Which sounds a lot like what we’ll be saying after each Democratic pronouncement.”

I like it, but was going more for a Eric Cartman sounding vulgar remark.


25 posted on 01/11/2009 7:50:58 PM PST by wxgesr (I want to be the first person to surf on another planet!)
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