Deal Reached on Tax Rebates for Stimulus »
Posted by: MyWayOnNow 7 months, 2 weeks agoDemocrats running Congress and the Bush administration reached a tentative deal Thursday on $300-$1,200 tax rebates and business tax cuts to jolt the slumping economy.
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AlphaGnosisComment removed: User banned.1 Reply
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aniokly7 months, 2 weeks ago
What about people who don't work, but do pay taxes on their Social Security? Do they get a check? George Bush gave us a $600. check. What will the Democrats give us?
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ScrimshawComment removed: User banned.
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Lurch7 months, 1 week ago
Nancy Pelosi has become a rather large disappointment.
Anybody who understands Econ 101 knows that the best stimulus package would be one spent 100% on the poor; food stamps and social security.
Bush is his usual self, talking out of one side of his mouth about economic stimulus and then wasting billions doing the opposite.
Bush`s theme: What I do is against what I say I am for.
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aniokly7 months, 2 weeks ago
We worked and paid taxes for over 50 years. 40% of those getting a rebate, including thoes who do not make enough money to pay taxes, will get a rebate. If the Government sent us a check every month until we die they could not pay us what they stole from us. My husband has been called out of retirement by the pipefitters union. He will make about $2,000. a week for six weeks of 7 days, 12 hours a day. Do you have the slightest idea how much the government will take from those checks? We don't get a rebate. Not now.
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aceofspades17 months, 2 weeks ago
aniokly - you do a good job of bitching about those on the dole -- get on line
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mesodude7 months, 2 weeks ago
"What will the Democrats give us?"
--Another budget surplus (instead of trillions of dollars more worth of debt), the return of the international community's respect and cooperation, fewer people around the world wanting to ram planes into our buildings, health insurance for the 10 million children forgotten by the "pro-life" cult...whew...how much time ya got?
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panzerv7 months, 2 weeks ago
I'm torn between sending it back (I'm sure the Fed needs it more than I do) or keeping it for gas money. As soon as they announced that an agreement had been reached, oil prices started to climb. By the time the checks get to their destinations, oil will be well over 100 dollars a barrel. So the only people it will really help will be the investors responsible for driving up the price of oil. Lucky us!
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GWHayduke7 months, 2 weeks ago
We spent out way into this mess.....(when we should have been saving) and now we'll spend our way out.
This 'stimulus package' is short sighted nonsense.
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Xaos7 months, 2 weeks ago
I agree, Oil futures began climbing as soon as this news broke. They are back above $90.00 a barrel again http://money.propeller.com/story/2008/01/25/oil... even though the weekly inventory report showed that U.S crude stockpiles were up. This will end up benefiting speculators and big oil more than the rest of us.
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doppich7 months, 2 weeks ago
I pray that all of those Congresspersons who refused to extend unemployment benefits during this recession will be jobless themselves after November's election.
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ScrimshawComment removed: User banned.
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ZiegfeldGirl7 months, 2 weeks ago
Why does Propeller keep sticking comments as replies to other comments??? This is seriously getting ridiculous!!! My comment was supposed to be at the end, and now it's stuck under extanker2 and looks like I was talking to him/her...and I'm not!!! Why is this STILL a problem? Are the devs on vacation? I have never seen them take so long to fix something like this. If it's a harder thing to fix than usual, at least let us know. You guys have posted articles about problems and fixes before, please don't keep us in the dark. Are you planning something new? Info, please!!!
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AlphaGnosisComment removed: User banned.
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palamaComment removed: User banned.
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BuffaloJ7 months, 2 weeks ago
We will all be sending it back in the future when we get a fiscally responsible president in office. With a debt that's larger that it has been at any point in history(with inflation taken into account) we will have to pay it back sometime. And knowing that the rich get many a tax breaks, even in the worst of times, it will be we the common people who have to pay it back.
The repubs want this tax break because they are hoping people are dumb enough to think this is a good thing and vote for their candidate. The dems don't want to speak the truth and admit that this will not help and only makes things worse via more debt incurred - again, because they want to get elected just like the repubs.
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AlphaGnosisComment removed: User banned.3 Replies
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AlphaGnosisComment removed: User banned.
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aceofspades17 months, 2 weeks ago
AG - where do you think the $$ will eventually come from? Running up high deficits mean we owe more $$ plus interest somewhere,sometime someone is going to have to pay & that means us. & probably the $$ are going to go to the Chinese who are the world's largest purchasers of T bills.
Stop & take a reality check.
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pongping7 months, 2 weeks ago
Quote from Mao: æ;;们é;;è¦;ä½ ä»¬ç;;é;± - "show us your money".
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NelsonR7 months, 2 weeks ago
Question, do I receive my money in the form of a check from China or does our government first print up the money?
I am so excited to go out and purchase foreign made products to prop up my economy. OOOH, my leaders are seers who look out for all us little people. WEEEEE, I'm so excited, sounds like a song, "I'm so excited".
Wow, we Americans surely do elect the brightest light bulbs, don't we?
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fishifanb7 months, 2 weeks ago
Wouldn't it make more sense to use this money on public works projects. Put the unemployed to work repairing our roads, schools and other infrastructure that we "just dont have the funds" to fix. That way you would be taking people off the dole and putting money in their pockets to spend.
Most of these checks will probably be spent by people who are carrying at least as much credit card debt. No stimulus there.
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Cityslicker7 months, 2 weeks ago
Always heard of the "Law of Supply and Demand" , never dawned on me until yesterday what it meant .
The Commodity Traders raise price per barrel of oil (doesn't anyone see what is happening ?) on the Tax Credit approval , so we , the American people have a small SUPPLY of money , and the greedy DEMAND we give it to them .
Has nothing to do with usage of a product , the ENRON-ish trading is still in full swing , we the Sheep of America get fleeced more and more every day .
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cleare7 months, 2 weeks ago
bait & switch...i think congress thinks that if they bless us all with these little trifles, we won't notice their other hand grabbing ever more from our other pockets.
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Commodore17 months, 2 weeks ago
Well I'm surprised the dumbocrats could actually do this. I guess if U get a bunch of idiots in a room and all of them try to get their brain cell to fire at the same time that it might work once or even twice. I guess stupid people in large groups isn't always a problem.
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NelsonR7 months, 2 weeks ago
Matters not what party represents you, they don't, they represent only themselves and screw America at the same time. Surprised at one thing, it seems like most of the conservatives love the idea of the giveaways while the Democrats on this blog are railing against it.
Just goes to show the unintelligent Republicans would follow Bush over a cliff if he told them it was the righteous thing to do. Followers are the norm in the Republican party.
A nation of fools and crooks with Bankruptcy inevitable. Capitalism equates to an upper crust society with the middle and lower class serving their masters every whim.
Meanwhile white collar crime pays while the other classes are persecuted for just being average with morals.
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Lurch7 months, 1 week ago
What`s the worst that happens to white collar criminals who steal six or even seven figures? Pay it back or keep and and go to fed jail for a year or so, but chances are you will have enough for a good life after that.
That`s if you get caught and actually if the prosecutor decides to prosecute. It` much easier and cost effective to go after blue-collar criminals because they cannot afford private legal advice.
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kfolive7 months, 2 weeks ago
This is just a continuation of more of the same. Of course we could use the money. But it will not compensate for the last 5 or 6 years of higher prices and lack of jobs or our soliders getting killed. How easy it seems to be to overlook the very important issues when they dangle a $ in front of our faces. This is a bandaid, not a cure.
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extanker27 months, 2 weeks ago
does any one out there remember when Slick Willy gave his i cant give a tax break to the american people because he was concered that the money wouldnt be spent the way he would spend it. any one. what a bunch of bipolar sheep. the tax code sucks and it needs to be changed. when will the U.S. wake up.
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mesodude7 months, 2 weeks ago
"Its always nice when I get to keep my money."
--Isn't it terrific? After all, the only thing that really matters in the end is that *we* as individuals are doing well financially. That's all the "good economy" anyone really needs. That's what life is all about.
And who cares if we are all just a blink of an eye away from a personal tragedy that could ruin us financially and worse. Now, if only we could get Republicans to worry only about their own reproductive organs the way they worry only about their own bank accounts. That's the challenge.
Anyhoo... I guess a few extra bucks in the wallet are worth the price of seeing your country flushed down the toilet by the GOP. Enjoy. ;-)
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