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Obama stimulus to include $300 billion tax cut.

Publication: Daily Herald (Arlington Heights, IL)
Publication Date: 06-JAN-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Obama stimulus to include $300 billion tax cut.(News)

Article Excerpt
Byline: Jeannine Aversa AP Economics Writer

WASHINGTON President-elect Barack Obama is betting a combination of hefty tax cuts and government spending on big public works projects will snap the country out of a painful recession thats left millions of Americans unemployed and their nest eggs in tatters.

Here are some questions and answers about the evolving stimulus plan:

Q: Why have a combination of tax cuts and government spending?

A: Obama is looking to deliver a powerful dose of both short- and long-term medicine to help the economy, which has been mired in a recession since December 2007.

Tax cuts can be implemented fairly quickly in weeks or months. Government spending on repairing roads, bridges and other public works projects typically takes longer to roll out. If timed right, though, such spending could...

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