"Quickest and Broadest Tax Cut Ever"

Looks like President Obama is confirming last week's speculation that he's going to use the near-unanimous rejection by Congressional Republicans of the largest tax cut in history as a bat to beat them to death with in the 2010 elections.

"Because of what we did, 95% of all working families will get a tax cut -- in keeping with a promise I made on the campaign. And 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. Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans."

It's gonna be fucking hilarious watching the repugs try to explain "Yes, well, when we said tax cuts we didn't mean tax cuts for people who actually - yuck - work for a living."

Full transcript here.