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February 06, 2009

Enough with the tax cuts already!

From Jed at Daily Kos:

Chris Matthews and Andrea Mitchell are reporting that 42% of the Senate proposal consists of tax cuts. That's roughly $330 billion. Tax cuts, of course, are the absolutely least effective way to stimulate a boost GDP (and therefore employment) according to virtually every economist. So not only is this not enough, too much of it is on the wrong stuff.

Great. More tax cuts when tons of us cannot even get jobs.

Way to go, guys. How out-of-touch can we get here?

Here's hoping that the conference puts some teeth back into this package.

[UPDATE] Wow. I'm watching CSPAN 2, and Senate Republicans are throwing Susan Collins and Olympia Snowe (Rs - Maine) under the bus for being part of the compromise. They are pissed! Then again, their idea of compromise was to kick our economy while it was down...

Posted by Ben at February 6, 2009 05:07 PM