Massive Tax Cuts

Obama Said to Push for Tax Cuts
President-elect Barack Obama is pushing for tax cuts amounting to hundreds of billions of dollars in a stimulus package he’s asking Congress to pass within the next several weeks, a transition official and a Democratic aide say. Obama is asking that tax cuts make up 40 percent of a stimulus package, the officials say. The measure may be worth as much as $775 billion, the Democratic aide says, meaning tax cuts may constitute more than $300 billion of the legislation.