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What was the Republicans ideas to get us out of this financial mess?

And i want honest answer not a bunch of name calling i really want to know.

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Anonymous

Asked by Anonymous at 6:09 PM on Feb. 23, 2009 in Politics & Current Events

Answers (43)
  • I know a big part of there idea was tax cuts and that included payroll taxes, I for one would of loved for my husband to come home with about 500 more a pay period which is what they get him with taxes each pay period, which is every 2 weeks which adds up quite steadily througout the year, when my hubby can gross 50,000 but net is 34,000 there is a problem.
    lisadallasr

    Answer by lisadallasr at 6:12 PM on Feb. 23, 2009

  • http://www.cnn.com/2009/POLITICS/02/02/stimulus/
    NotPanicking

    Answer by NotPanicking at 6:13 PM on Feb. 23, 2009

  • Well I think one of the first and foremost things was to cut spending to gov programs that aren't workingand to not add more gov programs before the ones that were barely working were financially healthy, second I think the Republicans wanted taxcuts, reaL ones, not tax credits, so the ones working could continue paying our bills. I think they also wanted a corporate tax cut so those businesses could afford to hire employess instead of layoff workers.
    SheriSanchez

    Answer by SheriSanchez at 6:13 PM on Feb. 23, 2009

  • i dont know a lot and i dont pretend to, but isnt the idea of a free market economy to let it build itself back up if it crashes? thats what i thought, but like i said i could be wrong
    aliciatron

    Answer by aliciatron at 6:16 PM on Feb. 23, 2009

  • ~2-4 Payroll Tax Holiday's (meaning no payroll tax would be taken out of your paycheck)
    ~Corporate Tax Rate Reduction to make the US more competitive compared to other nations (ie Dell building plant in Poland because the USA is too expensive)
    ~They also wanted a $15,000 tax credit for first-time homebuyers(ended up being $4000, I think) and a 4-to-4.5 percent mortgage rate for creditworthy first-time buyers.
    ~South Carolina Sen. Jim DeMint had a plan that would lower tax rates for individuals and small businesses and, he says, create 7.5 million jobs over four years.
    grlygrlz2

    Answer by grlygrlz2 at 6:17 PM on Feb. 23, 2009

  • You heard the McCain/Palin platform. You chose Obama. It doesn't much matter now!

    McCain/Palin proposed:

    Cutting the size government, and eliminating wasteful (pork/pet project/lobbyist) spending;

    Cutting business and personal taxes--so companies can HIRE people, and people who work get to keep more of their money = money being pumped into our economy = a thriving country;

    Allowing people to CHOOSE their OWN health insurance plan, so they were not at the mercy of their employers to keep their needed benefits, by giving you a tax credit to go shopping with, thus taking home more money.

    Bottom line, the more actual jobs there are, the more people can work, the more money they can make, the more things they can buy/do with their money, the less they need the government to help them...it's trickle down economics. Capitalism is a good thing. EVERY socialist country is moving away from socialism for capitalism, wonder why?
    Anonymous

    Answer by Anonymous at 6:18 PM on Feb. 23, 2009

  • 2-4 Payroll Tax Holiday's (meaning no payroll tax would be taken out of your paycheck)

    That is something to get excited about...HELLOOOO. I'm sure everyone who was working could take advantage of this break, therefore truly making work pay.
    SheriSanchez

    Answer by SheriSanchez at 6:19 PM on Feb. 23, 2009

  • LOWER the taxes or have a tax "vacation" so that people's money wouldn't travel the complex route of being withheld, sent to the gov't, put into gov't coffers, then doled out in bits & pieces back to people who meet eligibility rules. Instead, the money would be IN their paychecks, starting in January. ALSO, lower taxes - long-term - on the companies (and, yes, the "big bad corporations") which employ people. This way they could PLAN on their earnings and keep more people employed. As to the banks and Wall Street crisis, Republicans advocated following the example of the early 1920s They had a crisis, some banks failed & were absorbed by the economy. The economy recovered INSIDE OF ONE YEAR. Years later, in 1929, the gov't did a bailout, crisis turned into Depression, 12-15% unemployment from 1930 until WW II. Bailout still sound like a good idea ??! No. There's a REASON NO Republicans voted for it. Except for 3.
    waldorfmom

    Answer by waldorfmom at 6:21 PM on Feb. 23, 2009

  • 2-4 Payroll Tax Holiday's (meaning no payroll tax would be taken out of your paycheck)

    That is something to get excited about...HELLOOOO. I'm sure everyone who was working could take advantage of this break, therefore truly making work pay.

    Honey you know that would mean they actually have to work to get that tax break not live off of government ran programs, don't you know lol!!!!!!!
    lisadallasr

    Answer by lisadallasr at 6:22 PM on Feb. 23, 2009

  • high fiveHoney you know that would mean they actually have to work to get that tax break not live off of government ran programs, don't you know lol!!!!!!!

    grlygrlz2

    Answer by grlygrlz2 at 6:25 PM on Feb. 23, 2009

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