UPDATED 07 JAN – Obama’s TAX CUT, Yes we can stupid
The tax cuts for individuals and couples would be similar to the rebate checks sent out last year by the Bush administration and Congress in a bid at that time to boost the slowing economy. A key difference is that the tax cuts this time around may be awarded through withholding less from worker paychecks. That provision would cost about $140-150 billion over two years.
For businesses, the plan would allow firms incurring losses last year to take a credit against profits dating back five years instead of the two years currently allowed.
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Well there we have it, this Obama plan leaves out many low income and poor people! What about the people that are just making enough income to keep the boat sinking? They are the ones hurting the most, they’re the ones that are now paying higher food prices that they can not afford, not making enough income to pay taxes, then just do without says this plan! Do you as an American think this Obama plan is fair and balance? The 50% gas tax alone will take that $500 from the small town Americans. I guess that our punishment for being bitter and hanging onto our guns!
$35B Health Program, New Tobacco Tax
House Democrats plan to give President-elect Barack Obama an early victory on health care, specifically children’s health care, next week.
President Bush balked at the additional $35 billion in spending in the two bills as well as the method of payment — a tobacco tax. Read More
How many Americans drive their cars to work and will be paying higher taxes on gas, How many Americans smoke that will be paying higher taxes on tobacco! Obama going to give you $500 and then take it back from you in back door taxes, how stupid are we the American people?
LINKS:
(2) The GOP’s Grover Norquist problem and the RNC debate
Is the gas tax part of the stimulus package? I don’t think so.
From what we’ve heard, the stimulus package still sucks and deserves a hearty No vote, but the fact that the O-team is talking tax cuts is mildly encouraging.
Yes on the tax cut, but how about more taxes on food, fuel and all needed products. Those taxes will eat up that little $500 fast, and remember the low income that don’t pay taxes and the poor will be paying higher taxes! This hurt the lower income and poor!
No the Gas tax isn’t in the package as yet, but may find itself there before its passed. There will be many earmarks and other bills attached.
We will have to give him a chance and wait to see if he can do what the country needs! We are stuck with him for a little while!