Check out what the Democrats are scaling back on:
The likely targets are reducing Obama's "Make Work Pay" tax cut, from $500 a year for most individuals and $1,000 a year for most families, down to $400 and $800 respectively. Other reductions are likely in a $15,000 tax credit for all home purchases in the next year as well as a tax credit for the purchase of new cars, both of which were added to the Senate bill after little debate.
That's right folks. Way too many tax cuts in this stimulus. Gotta cut back on those. Certainly would not want to cut back on useless spending that will do nothing to create jobs or encourage folks to buy new homes, huh?
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