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Obama weighs steps to spur jobs, wary on deficit
Oct 30th, 2009 - Reuters
WASHINGTON (Reuters) - U.S. President Barack Obama on Friday listed a range of fresh options being considered by the White House to spur growth after "sobering" news that unemployment spiked to a 26 1/2-year peak last month. Obama...
Toyota Narrows Loss Forecast on Government Stimulus
Oct 30th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Toyota Motor Corp., the world’slargest carmaker, narrowed its full-year net loss forecast for asecond time after government stimulus measures revived vehicledemand in the U.S...
NM governor: Tax increase inevitable next year
Oct 30th, 2009 - Boston.com
SANTA FE, N.M.—Gov. Bill Richardson predicted that New Mexicans will face higher taxes next year to deal with the state's continuing budget problems. "It's inevitable," Richardson said Monday at a news conference...
White House trumpets reports on job creation
Oct 30th, 2009 - Washington Post
The White House on Friday embraced reports showing that the $159 billion in grants and loans made so far under the economic stimulus package has created or saved about 640,000 jobs...
White House: 650000 jobs saved, created by stimulus
Oct 30th, 2009 - Washington Post
Reports to be released Friday on the government Web site Recovery.gov are expected to show that the $150 billion in grants and loans made so far under the economic stimulus package have created or saved about 650,000 jobs...

Tax Cuts videos from YouTube:

2:02
Income Tax Cut, JFK Hopes...
John F. Kennedy speaks on his income tax cut that he wants to present to Congress in January next year (partial newsreel).
0:55
Kerry on Tax Cuts
Sen. John Kerry (D-Mass.) explains who he trusts to spend American's hard-earned dollars.
9:14
John McCain Ardently OPPOSING...
John McCain now supports the Bush tax cuts- that he twice opposed- and will increase the deficit and let the national debt swell with his irresponsible tax cuts, betraying his career in the Senate as a "deficit hawk ...
2:42
McCain: I'd Still Vote Against...
John McCain on Hannity & Colmes.

Tax Cuts stories from Digg:

In Colorado, Plan to Fill Budget Gap - NYTimes.com
Gov. Bill Ritter Jr. is proposing that education spending be cut and that Colorado charge sales tax on candy and soft drinks as well as online sales.(Political News)
vollkiySat, Nov 7th, 20091 Diggs, 0 Comments
California can't just cut spending
California doesn't have enough to cut out of its budget for the conservative mantra of cutting spending and taxes. With a deficit of $26 billion out of a budget of $119 billion, California's recent pseudo-tax increase was justified.(Political Opinion)
thinkberryFri, Nov 6th, 20091 Diggs, 0 Comments
Obama now considering tax cuts as unemployment rises
Speaking at the White House, President Obama said he is thinking about potential business tax cuts to jump start the economy. (Political News)
oliverdarcyFri, Nov 6th, 20092 Diggs, 0 Comments

Tax Cuts from WikiPedia:

A tax cut is a reduction in taxes. Economic stimulus via tax cuts, along with interest rate intervention and deficit spending, are one of the central tenets of Keynesian economics.

The immediate effects of a tax cut are, generally, a decrease in the real income of the government and an increase in the real income of those whose tax rate has been lowered. In the longer term, however, the effect on government income may be reversed, depending on the response that tax-payers make. Depending on the original tax rate, tax cuts may provide individuals and corporations with an incentive for investments which stimulate so much economic activity that even at the lower rate more net tax revenue will be collected.[citation needed]

The longer term macroeconomic effects of a tax cut are not predictable in general, because they depend on how the taxpayers use their additional income and how the government adjusts to its reduced income. Three idealised scenarios can be hypothesised: