08-16-2008, 11:26 AM
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Guru
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Join Date: Apr 2008
Location: Republik of Kalifornia
Age: 51
Posts: 10,012
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Family Economic Stimulus Act of 2008
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H.R.5142
Family Economic Stimulus Act of 2008
To amend the Internal Revenue Code of 1986 to provide an economic stimulus for individuals.
1/28/2008--Introduced.
Family Economic Stimulus Act of 2008 - Amends the Internal Revenue Code to:
(1) exclude unemployment compensation from gross income in 2007 and 2008;
(2) increase the child tax credit to $1,200 in 2008;
(3) allow individual taxpayers a $400 tax rebate ($800 in the case of a joint return) in 2008;
(4) extend unemployment insurance benefits; and
(5) require states to distribute to unemployed individuals information about unemployment insurance eligibility conditions.
All Bill Actions
* Jan 28, 2008: Referred to the House Committee on Ways and Means.
* Introduced on Jan 28, 2008.
http://www.opencongress.org/bill/110-h5142/show
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From Obama's website:
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Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. This refundable income tax credit will provide direct relief to American families who face the regressive payroll tax system.
http://www.barackobama.com/issues/family/
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Too bad your fellow Democrats in congress don't feel that way. There was a bill that would do essentially what Barack said he wants to do, But the Democrat leadership killed it in the House Ways and Means committee. They did the same thing with H.R.2893 Middle Class Tax Relief Act of 2007. So when the Democrats profess to be for the middle class, just remember the two opportunities they killed in committee like an unwanted pet. If any of these dopes are your representatives and are up for election in November, be sure to let them know you want the help they promised and pigeon holing these bills was unacceptable by voting against them.
Quote:
House Committee on Ways and Means
* Charles B. Rangel, Chairman, New York
* Pete Stark, California
* Sander M. Levin, Michigan
* Jim McDermott, Washington
* John Lewis, Georgia
* Richard E. Neal, Massachusetts
* Michael R. McNulty, New York
* John S. Tanner, Tennessee
* Xavier Becerra, California
* Lloyd Doggett, Texas
* Earl Pomeroy, North Dakota
* Stephanie Tubbs Jones, Ohio
* Mike Thompson, California
* John B. Larson, Connecticut
* Rahm Emanuel, Illinois
* Earl Blumenauer, Oregon
* Ron Kind, Wisconsin
* Bill Pascrell, New Jersey
* Shelley Berkley, Nevada
* Joseph Crowley, New York
* Chris Van Hollen, Maryland
* Kendrick Meek, Florida
* Allyson Y. Schwartz, Pennsylvania
* Artur Davis, Alabama
http://en.wikipedia.org/wiki/United_...Ways_and_Means
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