$US 150bn of tax cuts planned.
http://online.wsj.com/article/SB120118687430813489.html?mod=hpp_us_whats_news
In a $US 13,194 bn economy (2006 figures), I figure thats around 1-1.2% of GDP.
http://www.bea.gov/national/xls/gdplev.xls
Should mean some rising prices in the financial asset markets.
Meanwhile, Australian sentiment moves toward a rate rise.
http://www.bloomberg.com/apps/news?pid=20601080&sid=aOxgAa70ot9c&refer=asia
The inflation story is taking hold in the press and with market participants. Meanwhile Fed Gov are looking for ways to cut spending, looks as though will be through FTB.
http://www.abc.net.au/news/video/2008/01/25/2146268.htm
Regards
TheBagwan
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