The Big Question for Tuesday, Jan. 6:

Obama’s tax cuts–how centrist is the president-elect?

See all responses here.

Bruce Josten, executive vice president for Governmental Affairs, U.S. Chamber of Commerce said:

The tax relief measures reportedly under consideration fits the criteria of a major step toward speeding economic recovery and putting people back to work. These cuts are large enough to make a difference and will benefit individuals and businesses, both of which are hurting.

While the devil is always in the details, we are encouraged by this latest development. Now it’s time for Congress and President-elect Obama to consider including other tax-related measures in the stimulus package. This includes an investment tax credit for home purchases, repatriation of foreign earnings to help companies refinance debt, and a temporary suspension of income tax on cancellation of debt.