Posted on 01/13/2009 4:20:46 AM PST by Virginia Ridgerunner
Bowing to widespread Democratic skepticism, President-elect Barack Obama will drop his bid to include a business tax break he once touted in the economic stimulus bill now taking shape on Capitol Hill, aides said last night.
Obama suggested the $3,000-per-job credit last week as one of five individual and business tax incentives aimed at winning Republican support. He proposed $300 billion in tax relief in a bill that could reach $775 billion, and he resurrected the jobs-credit proposal from the campaign trail as one of his main provisions.
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"We've always said we're open to other ideas. This was never set in stone," said a senior Obama adviser of the decision.
(Excerpt) Read more at washingtonpost.com ...
Wealth-redistribution plan in its simplest form.
"Ain't gonna worry 'bout no mo'gage, ain't gonna worry 'bout no gas....Obama he gonna take care o' me!"
Hopefully more of his socialists ideas will get rejected by the Senate. The more Obama looks like every other politician who has to temper his enthusiasm the better it is for the Pubes to get their act together and win back the house and senate and keep Obama from doing any more harm.
0be don’t know Jack.
This is what I call CHANGE!
What a nitwit.
The cost of hiring, keeping employed, and then the difficulty of reducing head count is not worth 3K.
It would simply end up being a meaningless “gimmee.”
But I suppose it's a moot point.
Obammie the Commie said that he would give a tax break, which means he won't.
Has he set a record yet for “most campaign promises broken before inauguration day?”
Yep - real change. I guess it’s easy when you have no real convictions, but are a political opportunist.
That’s what I thought when I read it. The cost of insurance for an employee at my company is $1000 bucks a month, and my employer pays that. So my employer’s going to take on salary, SS tax, cost of training, and insurance to hire a new employee and the incentive...$3000. The whole idea was laughable.
We’ve been had!
We cannot hold the “ONE” to earthly standards.
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