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stimulus package gets smited [Politics/Religion]

 
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Aske
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stimulus package gets smited [Politics/Religion]
« on: January 24, 2008, 07:55:33 AM »

http://www.washingtonpost...2400532.html?hpid=topnews

and also now it favors those with children.


i'll be sure go out and spend that $300... it might buy a tank of gas
 
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« Last Edit: January 24, 2008, 07:58:26 AM by Aske » Logged Return to Top

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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
gleek
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E chu ta!

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Re: stimulus package gets smited [Politics/Religion]
« Reply #1 on: January 24, 2008, 08:17:21 AM »

For most people, $300 will probably cover their credit card payment for one month. I don't know if people will necessarily spend this money, especially if there's talk of a recession. I think people will be more inclined to pay down debt rather than to spend more money. Ironically, the only people that would probably just spend the money are those that don't really need the rebate in the first place.

If the government wants to stimulate the economy, maybe these rebates should come in the form of Best Buy or Target gift cards.
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Aske
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Re: stimulus package gets smited [Politics/Religion]
« Reply #2 on: January 24, 2008, 08:21:44 AM »

that $70B in corporate assistance will sure help too.  that, and allowing the mortgage co's to expand their acquisition range up to $700k instead of $415k
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
stroh
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Re: stimulus package gets smited [Politics/Religion]
« Reply #3 on: January 24, 2008, 08:25:50 AM »

This is the big economic bailout?  Giving people 3 hundo?

Great, now all I need is for 101 clown cars to pool their money to make up the difference is the market value drop when they buy my house.
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hobbit
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Re: stimulus package gets smited [Politics/Religion]
« Reply #4 on: January 24, 2008, 09:22:45 AM »

This is the big economic bailout?  Giving people 3 hundo?

Granted, its a bit rediculous, but.....

Most workers would receive rebates of $600 each, or $1,200 per couple. Families with children would receive an additional payment of $300 per child.

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hobbit
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Re: stimulus package gets smited [Politics/Religion]
« Reply #5 on: January 24, 2008, 09:26:19 AM »

If the government wants to stimulate the economy, maybe these rebates should come in the form of Best Buy or Target gift cards.

Now you're talkin!  Cheesy

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Aske
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Re: stimulus package gets smited [Politics/Religion]
« Reply #6 on: January 24, 2008, 09:58:41 AM »

If the government wants to stimulate the economy, maybe these rebates should come in the form of Best Buy or Target gift cards.

Now you're talkin!  Cheesy



ahhh yeh boooooyyyy! ,  go buy a bunch of chinese goods  !
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Clive
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Re: stimulus package gets smited [Politics/Religion]
« Reply #7 on: January 24, 2008, 10:37:12 AM »

ahhh yeh boooooyyyy! ,  go buy a bunch of chinese goods  !
Would it be bad if I used the rebate to buy Triumph aftermarket crap from a UK vendor's e-tailer site?
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stroh
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Re: stimulus package gets smited [Politics/Religion]
« Reply #8 on: January 24, 2008, 10:40:29 AM »

I'm like totally buyin' stuff.
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Clive
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Re: stimulus package gets smited [Politics/Religion]
« Reply #9 on: January 24, 2008, 10:43:28 AM »

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Much of the stimulus will come in the form of tax rebates to both businesses and individual tax payers. According to reports from The Associated Press and The Washington Post, individuals earning less than $75,000 would receive a $300 rebate. Families -- households with children -- earning less than $150,000 would receive $600, and $300 for each child up to two.

Many economists have said that among plans to stimulate the economy, favoring low- and middle-income earners is the most likely to have immediate results. Low-income earners remain less likely to save. The Wall Street Journal recently reported that many of the tax rebates in 2003 went toward savings, not spending.

LINK

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Sources on Capitol Hill and at the Treasury Department said congressional and White House negotiators agreed upon checks of $600 per individual and $1,200 per couple who paid income tax and who filed jointly.  People who did not pay federal income taxes but who had earned income of more than $3,000 would get checks of $300 per individual or $600 per couple.  A Democratic aide and Republican aide said there will be an additional amount per child, which could be in the neighborhood of $300.

Those who earn up to $75,000 individually or up to $150,000 as a couple will be eligible for the payments, said Republican and Democratic sources familiar with the tentative deal.  Checks could be in taxpayers' mailboxes by June, according to an Associated Press report.
LINK
« Last Edit: January 24, 2008, 10:45:45 AM by Clive » Logged Return to Top
Aske
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Re: stimulus package gets smited [Politics/Religion]
« Reply #10 on: January 24, 2008, 10:46:06 AM »

Quote
Much of the stimulus will come in the form of tax rebates to both businesses and individual tax payers. According to reports from The Associated Press and The Washington Post, individuals earning less than $75,000 would receive a $300 rebate. Families -- households with children -- earning less than $150,000 would receive $600, and $300 for each child up to two.

Many economists have said that among plans to stimulate the economy, favoring low- and middle-income earners is the most likely to have immediate results. Low-income earners remain less likely to save. The Wall Street Journal recently reported that many of the tax rebates in 2003 went toward savings, not spending.

LINK

CNN is running different #'s in their story
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Clive
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Re: stimulus package gets smited [Politics/Religion]
« Reply #11 on: January 24, 2008, 10:46:37 AM »

I was editing to add a CNN blurb as you were replying.

 Shocked Grin
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Clive
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Re: stimulus package gets smited [Politics/Religion]
« Reply #12 on: January 24, 2008, 10:48:32 AM »

AP says:

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Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes. Individuals and couples who pay income tax would receive rebates of $600-$1,200, and more if they have children.

Under the tentative plan, families with children would receive an additional $300 per child, according to a senior House aide who outlined the deal on condition of anonymity in advance of formal adoption of the package. Rebates would only go to people earning below a certain income cap, likely individuals earning $75,000 or less and couples with incomes of $150,000 or less.

Workers would have to have earned at least $3,000 in 2007 to receive the rebates, the officials said.

The rebate part of the plan would cost about $100 billion, aides said.
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hobbit
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Re: stimulus package gets smited [Politics/Religion]
« Reply #13 on: January 24, 2008, 10:48:46 AM »

I'm like totally buyin' stuff.

I would be too, but apparently I'm no longer middle class and won't be getting chit.  So, when you're all out getting your new iGadgets - keep it to your damned selves - I'm sensitive that way.

Poo.

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Re: stimulus package gets smited [Politics/Religion]
« Reply #14 on: January 24, 2008, 10:50:26 AM »

I'm like totally buyin' stuff.

I would be too, but apparently I'm no longer middle class and won't be getting chit.  So, when you're all out getting your new iGadgets - keep it to your damned selves - I'm sensitive that way.

Poo.



are you now less motivated to work hard and be successfull ?  Devil Wink
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
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