^^^Another strawman brought to you by HUR.

Who has said this was supposed to lift people out of poverty? Silly me, I thought we were talking about an economic stimulus package. The side benefit of helping people that are struggling is a secondary consequence.

Quote :

"This is nothing but a band-aid at the problem and a political move to gain votes from stupid americans"

Depending on what is done, and just as importantly, when it is done, you may be correct on this point. A well crafted package can potentially soften the recession. Hopefully the two parties can come together to pass something that makes sense, rather than just throwing a few bones at each side.

1/23/2008 9:25:36 AM

Quote :

"Just what would you have us spend it on? The truth is that consumers spend most of their money on foreign imports, and any stimulus package probably would be stimulating foreign economies rather than our own. Imports, for example, account for 92 percent of our non-athletic footwear, 92 percent of audio video equipment, 89 percent of our luggage and 73 percent of power tools. In fact, between 1997 and 2006, only five of the 114 industries examined in a U.S. Business and Industry Council report gained market share against import competition."

http://www.cnn.com/2008/US/01/22/Dobbs.January23/index.html

1/23/2008 12:06:44 PM

Yeah, but all those things are sold through American retail stores.

1/23/2008 12:27:57 PM

ATTN RICH PEOPLE: All you money are belong to us

1/23/2008 12:55:58 PM

^ Lol and

1/23/2008 5:57:55 PM

Just heard on the radio, it's $300.00. Government is saying that $800.00 was just a rumor.

1/24/2008 9:07:05 AM

shit i think i will spend my 300 on a oz of bud that way only a minimal amount of that rebate will get back to the gov't

1/24/2008 9:39:17 AM

That's the spirit!

1/24/2008 10:04:15 AM

the $300 is the rebate that is being negociated on behalf of the poor, huddled masses who dont pay income tax in the first place because they dont make enough. they were originally left out of the package. because, of course, they deserve a tax rebate on taxes they dont pay.

the amount for the rest of us hasnt been decided.

[Edited on January 24, 2008 at 10:25 AM. Reason : . ]

1/24/2008 10:24:26 AM

http://ap.google.com/article/ALeqM5h19_YeGzwzlmJhx42iIA7nJF0_UAD8UCALDG0

Quote :

"Families with children would receive an additional $300 per child, subject to an overall cap of perhaps $1,200, according to a senior House aide who outlined the deal on condition of anonymity in advance of formal adoption of the whole package. Rebates would 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."

1/24/2008 10:50:12 AM

why do people who make no effort to excel in life feel that they are entitled to handouts and for a livelihood subsidized on the backs of hard working Americans.

1/24/2008 11:08:37 AM

from the last page:

Quote :

" I think tax child credits need to be limited to three. This way incentive is removed for welfare moms to keep pumping out bastard babies for a "raise" on their weekly gov't issued paychecks."

Amen. I have a leech cousin who had her 3rd child 2 years ago(she is 22), at his birthday party last week I heard her talking to her friend about how since she cant have anymore bc she had too many caesarians she was going to adopt. Her and her husband live on only his income as a mechanic in a small town. It makes me fucking sick to hear things like this. I know there are many many people that need the breaks that are out there, but I wish they would do something about the child credits.

1/24/2008 11:13:15 AM

I do not have a problem with adoptions getting a child credit. As this both has a moral and economic benefit versus pumping out a new child. The adopted kid would still be paid for by the state rather it for direct support or a tax credit to the adopting parents. At least with the adopting parents the child is more likely to receive the support needed to become a productive tax paying member of society.

BTW how do i get my tax rebate. will it come in the mail automatically

1/24/2008 11:32:02 AM

I'm going to use my rebate check to go on a drinking spree when I go out of the country this April.


Stimulate this.

1/24/2008 11:40:35 AM

haha good call

Quote :

"Dropping the food stamp increase and the extended unemployment compensation is likely to cause an uproar among liberals, but Pelosi is pointing out that the deal greatly expands the number of people who will get rebate checks. "Millions more people are going to get rebate checks," the senior Democratic aide said. The Associated Press reports that rebates likely would 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."

Glad they at least dropped the food stamp bullshit. I'll be happy for a free $600 but this really does nothing to fix the roots of what caused the current economic rough waters. I also do not think its fair that their is a hard line at $75000 for those who get the $600 back and those that don't.

1/24/2008 11:53:13 AM

Any word if this will just be lumped in with your normal tax refund or if it will come in a completely separate manner?

1/24/2008 11:58:54 AM

seperate i believe.

1/24/2008 1:48:57 PM

Got fucked again by the govt. I hope the freeloaders enjoy more of my money. Im such a sucker for educating myself and working.

If I would have dropped out and pumped out children, Id get paid for not working. And even get a "bonus". Typical BS

1/24/2008 1:52:16 PM

exactly

dont they already get food stamps and welfare? do they need more free money from the government without paying in?

1/24/2008 2:03:54 PM

I like how a person making over 100k/yr likes to play the economic victim card.

1/24/2008 2:20:22 PM

not a victim card. Just stating the facts. I took on alot of work and debt to have the opportunity to make a good income. Now I have to repay those debts (over 25yrs). So yes, I would like more/some of MY MONEY back. Ive worked for it and for the govt to decide who is best to give MY MONEY to is ridiculous.

And it just gets worse. They will be raising the taxes on the "rich" to pay for all these new handouts and people like you will support it bc its not your money being taken. typical

1/24/2008 2:24:39 PM

Quote :

"I like how a person making over 100k/yr likes to play the economic victim card."

that guy earned his spot with hard work. people like him in this country arent the problem.

1/24/2008 2:39:07 PM

300 will buy me about 7 tanks of gas.

ECONOMY SOLVED

[Edited on January 24, 2008 at 2:43 PM. Reason : k]

1/24/2008 2:42:09 PM

Quote :

"do they need more free money from the government without paying in? "

the way I understand it, you have to be an income tax paying citizen to receive any benefit.....unless you work and are exempt from taxes.

Quote :

"people like him in this country arent the problem."

nope, the federal govenment in its infinite wisdom is the problem.

[Edited on January 24, 2008 at 2:48 PM. Reason : .]

1/24/2008 2:47:30 PM

can we vote bush in 2008?

1/24/2008 2:49:45 PM

if the dems win the presidency in '08, I bet they'll a Bush on the ballots in '12

1/24/2008 2:53:06 PM

Let me put on my fatigues, I'm going to participate in class warfare bitches.

1/24/2008 2:53:41 PM

Quote :

"The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps rise higher for individuals and couples with children."

http://ap.google.com/article/ALeqM5h19_YeGzwzlmJhx42iIA7nJF0_UAD8UCDLF80

Still sucks, personally I picked the wrong year to sell options.

1/24/2008 2:53:42 PM

Bush is the greatest.

WHAT OTEHR PRESIDENT HAS GIVN ME 300 DOLALARS

1/24/2008 2:53:57 PM

Any individual making 87k should have shittons of disposable income, regardless of debts. That is, unless they're being wasteful and buying lots of shit they don't need.

1/24/2008 2:56:32 PM

So far its not talking about 87k per year, its talking about 87k in one year.

1/24/2008 2:58:33 PM

Quote :

"dont they already get food stamps and welfare? do they need more free money from the government without paying in?"

while i agree with this to a point I bet [user]eyebrb[/user] wouldn't be bitching if the cutoff for the rebate were set to 250K instead of 75K.

no this is not a solution the problem but i am not going to bitch about the gov't handing me $600

1/24/2008 2:59:00 PM

It brings up some interesting hypothetical situations: For a person making 88k, will it be worth it to put 1k in an IRA for tax year 2007, then withdraw it with a penalty to apply for 2008, in order to get a tax rebate check which will be more than the penalty?

1/24/2008 3:09:15 PM

Income redistribution, buying democrat votes for years.

Basically:

you make over $75K (or $150K in a household), and therefore pay a ton of taxes, No Rebate

you slang rocks on the street, collect welfare and unemployment and shit out disadvantaged kids, PROFIT

1/24/2008 3:11:02 PM

Not true, the incentive plan stipulates that you have to have some income, it just doesn't have to be taxable. This is probably most beneficial to high school and college students who work part time jobs but pay no income tax.

1/24/2008 3:14:28 PM

Quote :

"Individuals who pay income taxes would get up to $600, working couples $1,200 and those couples with children an additional $300 per child under the agreement.Workers who make at least $3,000 but don't pay taxes would get $300 rebates. "

[Edited on January 24, 2008 at 3:16 PM. Reason : .]

1/24/2008 3:15:35 PM

Quote :

"Not true, the incentive plan stipulates that you have to have some income, it just doesn't have to be taxable. This is probably most beneficial to high school and college students who work part time jobs but pay no income tax."

$3000/year is $250/month. why does a high school kid need a tax rebate? what does college kid only earning $250/month need a rebate for? obviously, he/she is being supported in some other fashion.

the rebate should belong to the people who put the money there in the first place.

1/24/2008 3:18:19 PM

a high school kid is more then likely a dependent, so they wouldn't get the rebate.

maybe im wrong though.

[Edited on January 24, 2008 at 3:26 PM. Reason : d]

1/24/2008 3:25:03 PM

if the parents claim the kid on their taxes, they get the benefit...if the kid claims him/herself, they get the benefit (which will hardly ever happen b/c the benefit of a parent claiming them is greater than them claiming themself.)

1/24/2008 3:47:03 PM

Quote :

"Any individual making 87k should have shittons of disposable income, regardless of debts. That is, unless they're being wasteful and buying lots of shit they don't need. "

Wow, preaching responsiblity now. The point is not what YOU think someone who makes 87k should be doing with THIER money, that is the problem. People in govt think just like you. Do you think it is fair that you should have a larger percentage of your income after taxes than me? (regardless of income level)

Monky, your attitude epitomizes the attitude that: "If one takes from Tom to give to Dave, you will always be assured the support of Dave."

1/24/2008 3:47:35 PM

87k isnt a lot of money in some parts of the country.

1/24/2008 3:49:31 PM

Quote :

"Do you think it is fair that you should have a larger percentage of your income after taxes than me? (regardless of income level) "

as opposed to the alternative of a flat tax where the poorest pay a vastly higher percentage than rich?

I'll gladly give you my rebate in return for your annual salary....i'll even take on the oppressive tax burden it creates for you.

I do see your point though....imo there just shouldn't be a federal income tax at all.

1/24/2008 3:54:02 PM

^I agree. I think its wrong to punish people for being productive, but that is what our tax structure does. Punishes people for working and rewards those for being irresponsible.

In a flat tax, everyone would have the same percentage of thier income to spend after taxes. It doesnt get more fair (other than not taxing income at all).

wlb, Ill tell you what. You wanna make my salary? http://www.sco.edu has an online application. In four to five years Ill give you my job, deal?

1/24/2008 4:08:20 PM

pwn

1/24/2008 4:11:26 PM

^^i assume you would be for a cap on a flat tax tho....i mean if the rate was 20% and the people making a $500,000+ a year were paying $100,000+ in taxes they'd be worse off. That's when you get into the vast discrepancies, b/c a true flat tax would never happen....consumption tax is probably the best way to go in that respect.

Quote :

"wlb, Ill tell you what. You wanna make my salary? http://www.sco.edu has an online application. In four to five years Ill give you my job, deal?"

simply pointing out that you know you would rather make the salary than get the rebate (even with the built in disadvantages), just like everyone would.

^i guess you gotta latch on to something if you can't make a valid point yourself, huh?

[Edited on January 24, 2008 at 4:16 PM. Reason : ^]

[Edited on January 24, 2008 at 4:17 PM. Reason : .]

1/24/2008 4:16:28 PM

yeah thats exactly right. I havent posted anywhere else in this thread.

Quote :

"that guy earned his spot with hard work. people like him in this country arent the problem. "

[Edited on January 24, 2008 at 4:22 PM. Reason : .]

1/24/2008 4:21:20 PM

No I wouldnt be for a cap on a flat tax. Everyone would have the same percentage after taxes as everyone else. That is fair.

Honestly, people making over 500k a year are paying a shitton more than 20%, they would love it too. I do agree with you on the consumption tax.

I know what you were getting at wlb. The point I was trying to make is everyone wants a big salary, just without the hassle/work of getting to that point. You could easily make my salary, you just have to do the same thing I did, most arent willing to do so. People just think I rolled some dice and got lucky with a good paying job, which I think most people with crappy work ethics expect to happen to them.

1/24/2008 4:21:57 PM

Quote :

"You could easily make my salary, you just have to do the same thing I did"

i'm slowly gettin there...i'm sure in a few years i'll be bitching right there with ya.

1/24/2008 4:32:34 PM

Quote :

"Income redistribution, buying democrat votes for years."

i wouldn't call this "idea" a democrat one. Afterall it was a republican president and congress that gave the first $300 rebate in 2002

1/24/2008 4:43:47 PM

i was specifically talking about the $300 bump to people not paying any income taxes who make $3000 a year. not the package as a whole.

1/24/2008 4:52:00 PM