The WSJ reports over the weekend that the Obama/Congressional Stimulus Package will include large amounts of tax cuts. Paul Krugman has already weighed in on his blog about the desirability of some cuts, particularly payroll tax cuts, but overall he feels that the plan goes too far. The biggest concern is the provision that allows corporations to use losses in 2008 to offset previous year's taxes. This would be a windfall for large corporations when it is working people who need the most help. The best way to preserve jobs is to move that money from corporations to state and local governments that will be laying off teachers, public safety workers, child care and health workers as well as public works personnel.

Ben