Remember those promises Candidate Obama made about cutting taxes for 95% of Americans? Debate raged on this site about whether Obama was being honest or just pandering to the electorate.
Well, my H&R Block newsletter says that the new stimulus law will provide 95% of Americans with at least one tax break. 27 days in, promise kept.
Now don't go rushing to the mailbox: we're not getting checks this time, at least not many of us. Social Security recipients are supposed to get an extra $250 check as soon as Treasury can print them. The rest of us, alas, will just have to settle for bigger paychecks. We'll get our stimulus a little at a time, as the government tells employers to withhold $13 less a week from our checks, starting in June.
Of course, I have a job, so I don't need stimulus as much as the folks at Gehl, Laser Cut, Falcon Plastics, Citibank, and elsewhere who've lost their jobs. The stimulus law sends them help first, in the form of immediate boosts to unemployment benefits ($25 a week) and the 9-month 65% subsidy of COBRA health insurance. Sounds fair to me.
Santa Crass Returns w/Holiday Hustlers, Sleigher - Dec 10 at 8 PM to Dec 11 at 1 AM Icon Lounge, Downtown Sioux Falls
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