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Obama Removing Corporate Tax Breaks from Stimulus Plan
The move should reassure the many economists on the left who think he is bungling the stimulus package.
Discuss the latest from Mother Jones with other readers in Comments Central.
The move should reassure the many economists on the left who think he is bungling the stimulus package.
A business abuse a tax credit? Say it ain't so.
Next step, totally eliminate the Ex-Im Bank and other corporate welfare...like the TARP funds, loans to the US auto industry etc...
To quote Molly Ivins, "You got to dance with them what brung you."
Obama hasn't been brought this far by the CEOs of big business, or neocon politicians, or hardline fundamentalist Christians. He was brought to this point by progressives, the working poor, unions, women, minorities, and the like, and I'm glad to see he is shelving this ill-advised proposal to cater to those that not only did not get him here, but would much preferred the other guy in the office he's going to step into in a week.
Goody, goody, goody. I am much uplifted by this news. I take back all the traitorous accusations I've made recently. When we nullify the Bush tax cuts, I will then take back all the traitorous accusations I will probably make between now and then.