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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.
Drinking Liberally Update (11/15/2024)
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In Politics: Nationally: The Election is over and the wrong side won. I
have nothing to contribute to the barrels of ink being used by Pundits to
explain a...
3 days ago
More important are the promises NOT kept, 27 days (seems like 27 years) in: Transparency and no earmarks, just for starters. A rush job that few lawmakers, much less any regular citizens, had time to dissect. Full of stuff, most of which did not belong in this legislation. (Of course, Obama's definition of earmarks probably doesn't include that rail like to Vegas...kinda like debating the definition of "the" during the Clinton years.)
ReplyDeleteMore important is getting your facts straight and not listening to propaganda from the GOP. There is no rail project from vegas to disney world in the bill. That is just a "lie" that the gop put out, there is money for improvments in rail lines and for investiment in new teck to improve the countries rail and transportation system.
ReplyDeleteLike the President said "just what part of stimulus do you not understand?" The federal government is spending so you can have a job that is what all those programs are not pork (like the gop wants you to beleive) but real shovel-ready jobs.
Also for your education the word debated for Clinton was "is" not "the".
"Must be kidding" sounds partially informed indeed, the WORST kind.
ReplyDeleteThe Porkulus bill contains over 4,000 earmarks. Here's a few that are in the bill: $1.7 million for pig odor research in Iowa, $2 million for the promotion of astronomy in Hawaii, $475,000 for a parking garage in Provo City, Utah, $300,000 to build a Montana World Trade Center, and $150,000 for a rodeo museum in South Dakota. The pork goes on and on...
ReplyDeleteThanks for nothing Obama !