More of the same from Obama bin Marxist – $300 billion stimulus to pay off his union thug supporters.
Maxine Waters and other left wing moonbats want over a trillion in new government spending. Obama apparently is going to go with about a third of that when he makes his snorefest “jobs” speech on Thursday. In what will amount to nothing more than another pay off to the unions like the other trillion did, Obama will also ask to extend the jobless benefits from 99 weeks, to something around 132 weeks. According to Fox News, the Obama regime will offer “tax credits” for new hiring. I’m sure that’s really going to spark hiring, how about you?
The White House also is considering a tax credit for businesses that hire the unemployed. That could cost about $30 billion. Obama has also called for public works projects, such as school construction. Advocates of that plan have called for spending of $50 billion, but the White House proposal is expected to be smaller.
And Obama is expected to continue for one year a tax break for businesses that allows them to deduct the full value of new equipment. The president and Congress negotiated that provision into law for 2011 last December.
But I thought according to Obama and the rest of the far left filth that tax cuts/credits/breaks don’t work? The country is under taxed aren’t we? Just more progressive liberal/Obama hypocrisy.