"Obama's proposals mostly intact in final bill"

[Clio the Leo]

Obama's proposals mostly intact in final bill
By JOSH GERSTEIN

Most of President Obama’s signature initiatives won major funding in the compromise stimulus package Congress passed Friday, further tying the legislation to the president in a way that could benefit him if the economy recovers—and hurt him if it doesn’t.

In a compromise hammered out between House and Senate negotiators, some of Obama’s proposals did take a haircut, but mostly a trim.

The “Making Work Pay” tax cut, a central plank of Obama’s campaign platform, was scaled back by about 20%. Obama saw his proposals for tax rollbacks of $500 per individual and $1000 per couple slimmed down to $400 and $800 respectively in the final version.

<snip>

“In my mind, Obama basically didn’t have to compromise at all. The only substantial tax cut in it is an Obama tax cut. It isn’t even a Republican tax cut,” Chris Edwards, a budget analyst with the libertarian Cato Institute said. Asked about the changes Senate moderates insisted on, many of which were watered down in the conference, Edwards, said, “I think that’s small-potatoes type of stuff.”

Asked if the final bill has Obama’s imprint on it, Will Straw of the liberal Center for American Progress, said, “Absolutely, it’s in his visions….Its all there in rough proportions.”

(more)

http://www.politico.com/news/stories/0209/18860.html

[SpiralHawk]

1. "We still hope America fails. Smirk." - Rush Draft Dodger & Republicon Homelanders

"Then we can say, see: we republicon homelanders failed alright during our 8 miserable years of mismanagement and corruption, but -- neener, neener, neener - America failed, too. Smirk."

- Rush 'Draft-Dodger, Drug-Abuser' Limbaugh & Republicon Homelander Followers

[MoJoWorkin]

2. I am loving watching our new President at work.

"Cable chatterers" just DON'T GET IT. He is light years ahead of them.
He KNOWS what he is doing.

[NYC_SKP]

3. Sweet!

:loveya:

Happy Valentine's Day, Clio the Leo!!!

.

[Proud Liberal Dem]

4. Put that in your pipe and smoke it!!!!

You corporate media whores!!!!}(

[Jennicut]

5. Good! This is a victory for Obama.