Glad to see Jason handles himself with as much class after the election as he did before the election...
And for the record, Jason, my opposition to Obama was based on his prior actions and statements as a civil servant, and not his campaign promises. I judge people by actions, not words, but anyone can change, and like I said, "so far so good". I don't think I ate as much crow as you seem to think. He's not President yet.
And lets not jump the gun, either. My statements in my first post are based on the article from Politico I cited. In this he only talks about tax cuts and then more spending. So far it sounds pretty good, even though I don't like all of the extra spending (we've already spent over $1,000,000,000,000.00 on this recovery and we don't even know if what we spent will do anything yet).
As for the details of these tax cuts, we haven't seen them yet. There is reason to believe from his campaign rhetoric that part of these "cuts" may be checks cut to those who don't pay taxes at all, in the form of rebate checks. Checks are not tax cuts, they are just more spending with a different, deceptive name. This is marxism and if this ends up happening its all he'll need to do to turn my support into derision.
Also, we have to watch marginal tax rates, not just income, and if they are increased on capital gains, which would be idiocy if they want to help out the stock market. You don't encourage investment by taxing it the return on your risk.
Personally, I would raise the threshold of those who pay no federal tax, cut rates on all making up to $200,000.00 a year to no more than 17%, not touch taxes on those making more but make the Bush cuts permanent, lower capital gains to 10% but with a 1 year moritorium until 2010 to encourage investment, eliminate the estate tax as its both morally and legally abhorrent and also crushes the development of wealth over generations. Lastly, make up any loss by increasing tarriffs on good created outside of the country and provide a massive tax credit to any company, foreign or demestic, that produces more US jobs and additional credit for manufacturing jobs.
Tax wealth less, but by doing so, increase the amount of wealth that is taxable. Wealth is not static, and never has been.