Democrats Push Obama for Smaller Tax Cut in Stimulus Package

President Barack Obama faces pressure from his own party to adjust a government economic stimulus plan of $775 billion, reducing tax cuts and spending more on road, bridge and infrastructure construction. The US politicians anticipate that some combination of spending and tax cuts could increase US confidence and improve the overall economy. But tax cuts and spending will also add to the US debt and other imbalances that have global consequences. Budget and economic priorities can shift quickly as the crisis unfolds. But some projects, such as investment in alternative energy sources, tackle multiple goals and may have broader impact. – YaleGlobal