OK we all know that the so-called "stimulus bill" contains lots of pork and some infrastructure spending that might put people to work for a limited time but not create lasting jobs.
In a nutshell here is what House Republicans proposed:
The Economic Recovery and Middle-Class Tax Relief Act of 2009, promises a host of tax-cutting measures. It includes a 5 percent "across the board" income tax cut; an increase in the child tax credit from $1,000 to $5,000; a freeze on capital gains and dividends tax rates at 15 percent; and a number of other measures targeted toward businesses".
Politics and partisanship aside, does this sound like a better plan to you?
Why or why not?
Answer by jcsscfam5 at 2:43 AM on Feb. 3, 2009
Answer by MamaChamp at 3:02 AM on Feb. 3, 2009
Answer by Anonymous at 3:10 AM on Feb. 3, 2009
Answer by mustbeGRACE at 5:34 AM on Feb. 3, 2009
Ohh and I believe there is also a mortgage interest rate drop to 4%... I need to read the details. they were just talking about it on the news this AM.
Hrmmm putting more money in middle Americans pocket? I too am a small business gal. That would likely boost my business if middle America has more discretionary income. Cut my taxes, I can afford to hire back the person I let go or upgrade business equipment to make me more competitive...
Wow a concept that leaves an opportunity for more discretionary income in the Middle America's pocket then the proposed sexually transmitted disease research??
Say it aint so!
Answer by grlygrlz2 at 7:36 AM on Feb. 3, 2009
Answer by NotPanicking at 7:57 AM on Feb. 3, 2009
NotPanicking, I've actually thought that one for a long time but not just with toll free international phone traffic but with all goods and services shipped over seas. If they taxed the hell out of more goods and services outsourced then the jobs would stay here because it will not be cost effective to ship them out. Then you have more jobs right here. More jobs, more income, more income more spending big boost in the economy.
Answer by babyfat5 at 8:23 AM on Feb. 3, 2009
Answer by beckcorc at 8:23 AM on Feb. 3, 2009
Answer by NotPanicking at 8:27 AM on Feb. 3, 2009
Answer by Anonymous at 8:29 AM on Feb. 3, 2009