This is significant news!
Obama is going to give substantial tax cuts which will stimulate immediate stimulus.
Much of the $275 billion in tax cuts would go to middle-income families in the form of $1,000 tax cuts ($500 for individuals). An array of business and other tax cuts would make up the remainder.
http://www.usatoday.com/money/economy/2009-01-15-obama-stimulus-plan_N.htm
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