Obama tells Treasury to begin cutting taxes
source: http://uk.reuters.com/article/UKNews1/idUKTRE51K1P320090221
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- Kepano
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President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.
The tax cuts are part of a $787 billion (549 billion pound) economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
The tax cuts are part of a $787 billion (549 billion pound) economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.
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- groups:
- News and Politics, WTF, Money
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- tags:
- News and Politics, WTF, Obama, Finance, 5 more
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current89
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Yeah, I can't wait for my $300 dollar tax rebate.
- 3 years ago
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current89
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pjacobs51
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Tax cuts = good
- 3 years ago
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pjacobs51
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NFUSA
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I'm not old enough to be a tax-payer, but I really hope that this will help Americans get their lives and economy on the right track.
- 3 years ago
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NFUSA
