Democrats criticize tax cuts
WASHINGTON — President-elect Barack Obama’s economic recovery plan ran into cross-fire from his own party in Congress on Thursday, suggesting that quick passage of spending programs and tax cuts could require more time and negotiation than Democrats once hoped.
Senate Democrats complained that major components of his plan were not bold enough and urged more focus on creating jobs and rebuilding the nation’s energy infrastructure rather than cutting taxes.
As a party we should support everything that works. Tax cuts work. Investment spending works. We should use common sense and data rather than ideology to drive policy. It is clear that given the right incentives, business will take more risks, and can create new and better markets.