Agenda: The tax break cometh

Eric, Salinas, CA — Mon, 05 Jan 2009 14:27:43 GMT

The repugnant ones only want to waste tax cuts on the rich and greedy who don't need them nor deserve them. Obama will find out that the repugnant ones won't play fair and to try to cater to them will prove useless. The decrepit party of sore losers will do everything to stop the progress our country needs to save the economy the repugnant ones wrecked.

More tax relief needs to go downwards and Obama should raise taxes on the richest by adding back the top tax brackets that Raygunz got rid of to protect the richest from paying their fair share of taxes.

Agenda: The tax break cometh

pat huntington ny — Mon, 05 Jan 2009 14:35:59 GMT

Who's getting the tax breaks? Will it be the same dog and pony show like with the tax rebate checks where they are phased out for anyone making more than $75K? If that's true, then the stimulus package will not work. It must include all people at least up to the $150K range, or else, the extra money will be used only to pay down credit cards.

Agenda: The tax break cometh

eagle1776 — Mon, 05 Jan 2009 15:01:10 GMT

GOPers swore that Obama would raise your taxes. Obviously another GOP lie. When are they going to wise up and stop all the lies?

Agenda: The tax break cometh

Anna Molly — Mon, 05 Jan 2009 15:05:28 GMT

I hope they figure out a way to get relief to the people who have lost their jobs, and therefore pay no taxes anyway. I'd worry more about them than I would worry about those making between $75,000 and $150,000. They've still got money to spend.

And since when did paying down credit card debt become a BAD thing? If tax relief pays down credit card debt, that leaves more real income available for purchasing, boosting the economy in two ways, instead of one. And by the way, lots of people with incomes above $75,000 have credit card debt.

Agenda: The tax break cometh

C A, Tuscaloosa, AL — Mon, 05 Jan 2009 15:08:06 GMT

A $500 tax credit per worker will do nothing to help stimulate this economy. It may help a family of four purchase a week or two worth of food. Then what?

Agenda: The tax break cometh

jawillie, Philadelphia, PA. — Mon, 05 Jan 2009 15:11:20 GMT

I'm going to come out and say it, though some may disagree. REBATE CHECKS WON'T STIMULATE THE ECONOMY! Ask yourself. What did you do with the last rebate check you got? Did you go out and buy that big screen TV you had your eye on, or the fancy new car? Chances are you didn't. You either paid off credit cards, caught up on bills, or stashed it away in your savings (smart thing). Unless these "rebate" checks are going to come monthly, the economy would be better served by simply lowering taxes on the middle class. A rebate check is simply a handout that amounts to little more than national welfare, which is the last thing we need. I'm hoping that Obama and congress are smart on this one.

15 Days and counting until Inauguration Day!
http://jawillie.blog.com

Agenda: The tax break cometh

Patrick, Indianapolis — Mon, 05 Jan 2009 15:16:26 GMT

To Pat in Huntington, NY:

Aren't we supposed to pay down debt and save more money? Isn't that the recipe for long-term financial safety? Talk about getting mixed signals from the government. First we are told that we aren't saving enough and that we carry too much debt. Then when tax-payers are given a tax break, they are told to spend it which only gets them into more debt (because people usually spend more than what the tax break is worth) which leads the government to say we carry too much debt and save too little. Paying off debt and saving money is good for long-term financial security and I applaud people who used their tax rebate to pay off debt or save.

Agenda: The tax break cometh

Rick, NC — Mon, 05 Jan 2009 15:18:11 GMT

The republcians want tax breaks for GE, Exxon and big Pharma ...the rest of us can go screw ourselves...

Republicans love the idea of America but hate most Americans...

Agenda: The tax break cometh

Rob S. Thompson, Thornton CO — Mon, 05 Jan 2009 15:50:26 GMT

In my opinion, a more effective economic stimulus plan would be to award the consumer with tax rebates for the purchase of products that are
"Made in America" e.g. $4000.00 Auto rebate, $250.00
Major electronics purchase rebate ect. Also in the spirit of America giving 110%, how about a bumper to bumper
110,000 mile/ 11 year Auto warranty. The rebate and warranty would restore my confidence in American made products where the "Rubber meets the road!"

Agenda: The tax break cometh

Indie Woman in Denver — Mon, 05 Jan 2009 16:00:43 GMT

With the very few details we know about the proposed plan so far, I'm not prepared to say whether the Repubs will hate it and/or it won't work, but so far everybody agrees it won't be voted on until after the Inauguration. I'd love to be a fly on the wall when Obama meets with congressional leaders from both parties.

Agenda: The tax break cometh

marty,columbia,s.c. — Mon, 05 Jan 2009 16:10:58 GMT

Thank You Eric from Salinas- I live in S.C. and I know for a fact that all our senators and reprs are republican, they will obstruct any meaningful legislation. Thats what they do. We in S.C. have been living under the yoke of republican oppression for a long time and I am afraid we will continue to do so. We are the pitiful and toothless, who think we are republicans. ( not me ), but just saying. The good, working class and poor working class will continue to hang on to thier bibles and worry about same sex marriage. I dont guess they care about this country at all, they dont know any better, like I said pitiful.
marty

Agenda: The tax break cometh

Ron Indiana — Mon, 05 Jan 2009 16:15:55 GMT

Obama's campaign promise is to lower taxes and this is an opportunity for him to do so.

Pat, Huntington ny, I love your comments, but it doesn't bother me that people will use the money to pay off their credit cards. That would be money well spent by many Americans, plus it may forstall a credit card meltdown that looms over the horizon.