January 5th, 2009
08:35 AM ET
6 years ago

CNNMoney.com: Obama readies push on recovery plan

President-elect Obama is rolling out his plan to stimulate the struggling economy.
President-elect Obama is rolling out his plan to stimulate the struggling economy.

NEW YORK (CNNMoney.com) - President-elect Barack Obama was set Monday to begin the push for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession.

Obama will meet with top legislators from both parties including House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., as well as Senate Minority Leader Mitch McConnell, R-Ky., and House Minority Leader John Boehner, R-Ohio.

The plan will include about $300 billion in tax cuts for individuals and businesses, an aide to the transition told CNN. Obama has not publicly put a price tag on his overall stimulus plan, though his advisers have said they expect it to fall between $675 billion and $775 billion, 40% of which would be in tax cuts.

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Filed under: Economy • Obama transition
soundoff (27 Responses)
  1. richard rohde

    Proud American made a comment without calling anyone an idiot. Oh I see, it was an Obama puff piece.

    January 5, 2009 01:15 pm at 1:15 pm |
  2. gerry

    Looks like Joe the plumber gets a tax break-how about that?

    January 5, 2009 01:16 pm at 1:16 pm |
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