AirTalk for January 5, 2009

Obama's Tax Cut Proposal

President-elect Barack Obama will soon unveil his proposal for tax cuts of up to $300 billion. Besides $500 tax cuts for most workers and $1,000 for couples, the Obama plan includes more than $100 billion for businesses, an Obama transition official said. The total value of the tax cuts would be considerably greater than indicated earlier. Larry talks about the proposal with economist John Irons of the Economic Policy Institute and Jack Shaw of Market News International.


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