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New Tax-Cut Proposals Could Be Problem for President Obama


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Tax experts and economists offered mixed reviews about the feasibility of the Obama administration’s attempt to pass additional tax cuts now with the legislative year winding down, even as the president declined Sept. 3 to specify what proposals his administration will advance.

On Aug. 30, the president announced that he will propose a series of targeted tax cuts and infrastructure investments in the coming days and weeks, some of which will be new.

“I will be addressing a broader package of ideas next week,” the president told reporters at the White House Sept. 3. “We are confident that we are moving in the right direction, but we want to keep this recovery moving stronger and accelerate the job growth that’s needed so desperately all across the country.”

White House deputy press secretary Amy Brundage cautioned that many proposals were still under discussion by the president’s economic team. “There have been a lot of reports and rumors on different options being considered—many of which are incorrect,” she wrote in an e-mail to BNA.

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