President Obama has ordered the Treasury Department to implement his promised tax cuts as quickly as possible. In his weekly radio address the president said, "I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month."

U.S. President Barack Obama says that starting Saturday morning, employers across the country will begin reducing taxes for 95 percent of working families, under the economic stimulus plan he signed into law earlier this week.

On Jan. 20 when China began to halve the sales / purchase tax on 1.6L-minus vehicles to 5%, there were more than 210 new vehicles registered for license plates in Changchun city, more than doubling the less than 100 vehicles previously registered each day, xinhuanet.com reported today.

Wall Street Journal op-ed: Leave the New Deal in the History Books; Cut Corporate Taxes to Zero and Create Real Jobs, by Mark Levey.

Paul L. Caron, who is the Associate Dean of Faculty at the University of Cincinnati College of Law, presents 15 Tax Professors, who offer their thoughts on tax cut policy in the new Obama-Biden Administration. How will your business and income tax possibly look like under Barack Obama's administration.

Ted Frank (American Enterprise Institute) has created this spreadhseet you can modify to calculate your tax bill under a President McCain or a President Obama. Ted blogs that an average mid-level BigLaw associate would pay $15.048 of additional tax each year under a President Obama than under a President McCain:

With all the talk about economic bailout plans, falling stock prices, and rising energy costs it is easy to lose site of some of the other top issues in this year's election. One that we've focused on is health care for all Americans. We thought we had re-visit the important issue of health insurance and health care before the election.

Taxcut.com offers helpful tips to check the facts on tax return and tax policies. Currently the tax policies of John McCain and Barack Obama are the focus of public attention. Here is the current situation on some tax facts provided by IRS through taxcut.com.

A friend of mine got some data together and put it in a nice calculator for individuals to figure out how much money they'd have to pay with the McCain health tax.

A new project called Taxcutfacts.org shows that the Obama tax cut will benefit more Americans then the one offered by John McCain.

The Coalition says it supports Labor's planned tax cuts for the next financial year.

The chairman of the U.S. Federal Reserve Ben Bernanke is now testifying in front of House Budget Committee, saying that the U.S. Economy quickly needs help in various ways: especially in the way of a economic stimulus package. "To be useful, a fiscal stimulus package should be implemented quickly," said Bernanke.