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Old 09-23-2008, 11:34 AM
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Default Will the Taxpayers Get Our Cut Directly?

Obama, Schumer, and other Democrats are demanding that the final bailout plan include a provision that makes the U.S. taxpayers have a stake in the holdings of the companies we bail out. They say, if these companies end up profiting, then the taxpayers should share in this potential upside. So, do they mean it goes to us directly----OR to them, the federal coffers for legislators to spend it as THEY see fit???

My question to these Dem leaders is this: Will you sign something saying that the U.S. taxpayers will actually receive this money directly---either in the form of checks to those who actually pay the taxes that was used for the bailout... or in the form of a very fair tax cut that would be in the same amount of OUR recovered losses?
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Old 09-23-2008, 11:48 AM
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I want a cashiers check perferrably in Euros, thank you.
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Old 09-23-2008, 11:50 AM
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Hopefully, it would lead to lower taxes. I don't see how the program is good though, if it means tax-payers must permanently fund these companies, like socialism. A temporary bail-out, as small as possible, on credit, would be best. While the money keeps things afloat, fix the leaks.

Last edited by Nicholas the 8,358,353rd; 09-23-2008 at 11:52 AM.
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Old 09-23-2008, 04:49 PM
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Tax cuts would be good. As long as they don't try to pick winners and losers and simply return it those who paid taxes at the same percentages they paid them.
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Old 09-23-2008, 05:16 PM
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ha! If we are so lucky and priveliged to recieve any form of monetary compensation for any future profits derived from now government owned aig, which im assuming is what this thread is targeting, it will be in the form of another bogus illinentioned rebate check. Any form of tax cuts other than capital gains(which benefits only a small percentage of the country) is wishful thinking at best.
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Old 09-23-2008, 05:44 PM
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Yes! But the Dems are willing to hold up the bailout and risk a recession.....to make sure we, the taxpayers, get our cut!! <LOL>

I agree. It's truly ridiculous on their part.
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Old 09-23-2008, 06:06 PM
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Quote:
Originally Posted by JP5 View Post
My question to these Dem leaders is this: Will you sign something saying that the U.S. taxpayers will actually receive this money directly.......

Buzzzt.
Sorry, you voted for George W. Bush, you will never, ever, ever again in you or your childrens life get a tax cut again.
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Old 09-23-2008, 06:27 PM
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Quote:
Originally Posted by JP5 View Post
Yes! But the Dems are willing to hold up the bailout and risk a recession.....to make sure we, the taxpayers, get our cut!! <LOL>

I agree. It's truly ridiculous on their part.
We risk future recessions due to an extra trillion or so in national debt weighing down our economy. And believe it or not that trillion in debt is going to have to be paid off by paying more taxes. The only way this plan does anything is by paying more than market value for these securities. We should require something in return, and the only thing these companies can give right now is equity.
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Old 09-23-2008, 07:38 PM
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Quote:
Originally Posted by JP5 View Post
Yes! But the Dems are willing to hold up the bailout and risk a recession.....to make sure we, the taxpayers, get our cut!! <LOL>

I agree. It's truly ridiculous on their part.
thats my fear. how on earth could they say "what about the taxpayers share" as the economy crumbles to the ground.
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Old 09-23-2008, 08:14 PM
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Tax cuts would be good. As long as they don't try to pick winners and losers and simply return it those who paid taxes at the same percentages they paid them.
You gotta be kidding?? The country spends billions servicing the debt created by all of these bailout and tax cuts and you want another tax cut???
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