The economic stimulus package to be signed today by President Obama includes one of the largest tax cuts in American history -- $282 billion in tax cuts over two years. The compromise stimulus plan includes $282 billion in tax cuts over two years.
According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others. http://blog.beliefnet.com/stevenwaldman/2009/02/is-obamas-tax-cut-the-biggest.html "It's hard imagine we won't hear about this four years from now. And if that's not boxing a future Republican candidate in ahead of time, I don't know what is. Think about how many potential Republican arguments are going to be pre-empted by that nice little fact?" A bonus for Democrats: Nearly every Republican in Congress voted against it. Marc Ambinder http://politics.theatlantic.com/2009/02/the_biggest_tax_cutter.php
