• Cato Senior Fellow Daniel J. Mitchell weighs in on Obama’s tax policy on The Hill’s Congress blog:

President-Elect Obama reportedly will include $300 billion of tax relief in his so-called stimulus scheme. This supposedly will give fiscal conservatives a reason to vote for the proposal, but lawmakers who favor limited government should look before they leap – especially if they actually want to improve economic growth.

As federal and state governments scramble to shore up the tanking economy by doing more of what got us to this point in the first place: meddling and spending, it will be interesting to see which government programs/​expenditures, if any, get cut. No doubt budget conversations this year will be drastically different than last year’s, as expenditures and “services” deemed indispensable and essential last year suddenly don’t seem as necessary.