$300 to $800 EACH Tax Rebates Coming!

JP5 · #1 (**permalink**) 01-17-2008, 06:36 PM

"tax rebates of at least $300 a person — and maybe as much as $800."

Get ready to PARTY!!

"WASHINGTON - United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person — and maybe as much as $800."

And while you're at it----make our tax cut from 2001 PERMANENT!!

http://news.yahoo.com/s/ap/20080118/...wn3GgCZ5Cb.HQA

The12thMan · #2 (**permalink**) 01-17-2008, 06:50 PM

Quote:

The rebates would likely be limited to individuals with incomes of $85,000 or less and couples with incomes of $110,000 or less, the aide said, speaking on condition of anonymity because no final decisions had been made.

How do they come up with these numbers? I strongly suggest a $5000 rebate for college students regardless of income.

nonsqtr · #3 (**permalink**) 01-17-2008, 07:00 PM

(long string of expletives deleted to spare the moderators the trouble)....

Jesus H Christ - that friggin' moron didn't learn his lesson the first time he tried this crap?

I can't believe what a freakin' idiot we've got in the White House!!!!

You know where that money's gonna go, right?

Straight to China.

Goddam moron. Bush is an anti-American freakin' traitor, and he oughta be shot at dawn.

(he can have a Marlboro though, if he wants - I'm not entirely without compassion)...

DuH2 · #4 (**permalink**) 01-17-2008, 07:16 PM

So vote Democrat....

Quote:

"There is reason to be hopeful when the president recognizes there is a problem in the country," House Speaker Nancy Pelosi, D-Calif., said afterward. She has talked of a package totaling $100 billion or more. House Republican leader John Boehner of Ohio spoke of a bill on the range of $100-150 billion.

The rush to swing behind a stimulus plan underscored the political imperative of responding to a growing concern about the possibility of recession.

Senior aides to House Democrats and Republicans said in addition to included tax rebates for individuals, the emerging measure would contain tax breaks for businesses investing in new equipment, increases in food stamps, and higher unemployment benefits. They spoke on condition of anonymity, since the talks are ongoing and lawmakers have promised not to reveal details.

Boehner said he was encouraged, and so did Majority Leader Steny Hoyer, D-Md. Hoyer said of his counterpart, "He indicated that he wants to work together to get something done."

Pelosi said she wanted legislation approved within a month and said the government must "spend the money, invest the resources, give the tax relief in a way that again injects demand into the economy, puts it in the hands of those who need it most and into the middle class ... so that we can create jobs."

But Boehner said: "For this bill to become law, it cannot become a Christmas tree" for Democrats to attach their programs. "It's hard to get anything moving within a year, and most of us believe that if we're going to have a stimulative effect at helping to revive what is becoming a sluggish economy, it needs to happen quickly."

Later, Boehner emerged from a meeting with Pelosi saying he had "productive" and "substantive" talks with her and other Democratic leaders.

Sen. Harry Reid, D-Nev., the majority leader, took issue with Bush's scheduling public remarks on the issue before a deal had been struck.

"The president's strategy threatens to unnecessarily politicize the inevitable bipartisan negotiations we will need to quickly enact legislation," Reid said.

The White House took issue with that — and called Reid's office shortly after the conference call to make clear that Bush on Friday would be spelling out his broad principles, not specific legislative proposals.

White House spokesman Tony Fratto said Bush does not believe a stimulus should be offset — or paid for — by any tax or spending changes elsewhere. Some deficit-hawk Democrats have pushed for one but it is not expected to be part of a package.

http://news.yahoo.com/s/ap/20080118/...wn3GgCZ5Cb.HQA

Course I should warn you President Bush has been running circles around them.
Its kinda funny watching them stumble over each other trying to not look like they are pretty much in agrement with Bush. Reid especially.
Even if they where not in agrememnt for the most part they couldn't outvote him...they lost too hard on Iraq.

nonsqtr · #5 (**permalink**) 01-17-2008, 07:28 PM

Maybe, very slowly now, the truth is starting to dawn on you.

And I mean, you know, I've been trying to point this out to you for seven years now, right?

And all I've gotten for it, is a lot of ridicule -

But here you have some evidence, correct?

I keep telling you guys, "the Dems are no different than the Reps", and "the Reps are no different than the Dems".

Well......

Look - I mean, Jeez... even freakin' Bill O'Reilly, that pompous arrogant jerk, recognizes that "poverty" in America, is not quite the same as "poverty" in other places. Here in the US, over 90% of "poor" households own a DVD player. 65% have some form of cable or satellite TV. 45% actually own the houses that they're living in.

So, I mean, what are you gonna do with 500 bucks? Well, hmm... it's not enough to pay the rent for a month, but it's too much of a lump sum to contemplate paying bills with it, or buying food, or gas, or whatever - so what are you gonna do? Boombox! DVD! iPod! Freakin' ear-bud attachment for your cell phone.

I mean, you see what i'm sayin', right? All that money goes to China.

That freakin' moron Bush (and that other freakin' moron Hillary, who's do the same (*)(*)(*)(*) thing), is just giving away US dollars to the freakin' Chinese.

And I mean, all that's gonna do, is further lower the standard of living for each and every American.

'Course his rich buddies aren't feelin' that very much, 'cause they're gettin' some pretty good tax breaks these days, but everyone else is feelin' it - so much so, that when they get a little windfall, they're just gonna say "screw it" and go buy a new TV.

You know, I think Bushie must have failed both his engineering classes and his psychology classes in college. And I mean, a guy who doesn't understand human nature, and down't understand how to solve problems either.....

Come on Reps, give us someone better, will you please?

God(*)(*)(*)(*) stinkin' clowns, all they're lookin' for is what they think will "sell" to the American People. Freakin' morons. Well, that particular vacuum cleaner salesman is about to get the door slammed in his face, and I mean, once word gets around that he's in the neighborhood, ain't no one else gonna be answerin' the doorbell either......

gmb92 · #6 (**permalink**) 01-17-2008, 10:05 PM

It's an election year. Everyone from the president to the '08 candidates are getting in on it. Thanks to a Democratic Congress though, this appears to be directed at working people as opposed the wealthy elite. The budget can probably withstand this short-term although I think they should scale it down.

Making all of the '01 tax cuts permanent with no way to pay for them as the boomers start to retire won't happen any time soon.

DuH2 · #7 (**permalink**) 01-17-2008, 10:34 PM

Quote:

Thanks to a Democratic Congress though, this appears to be directed at working people as opposed the wealthy elite.

(I will assume you meant to say Democrat not Democratic.)
....

Oh please.

First of all where do you even get enough information to say anything like that without it being a fairy in the wind??

Secondly this will be very similar(though obviosuly not do to the same thing) to the Tax Rebates everyone got back in 2001 which Democrats where not happy about. Just about everyone including you likely got a rebate of some amount.

If anything the vaunted Democrat Congress is looking at ways to give less like usual to everyone. Probably to cover their salary increases.....

Quote:

President Bush told congressional leaders privately he favors income tax rebates for people and tax breaks for businesses, officials said. Bush spoke with congressional leaders as House aides worked behind the scenes on an emergency package that could also include more money for food stamp recipients and the unemployed.

Aides to lawmakers involved in the talks said the White House is pressing for tax rebates of $800 for individuals and $1,600 for married couples. Lawmakers were likely to settle on a $500 rebate for individuals, said an aide involved in the talks, with details for couples and people with children still being negotiated.

I do love the Class Warfare stuff though. I don't think it plays as well as many think anymore.

justabubba · #8 (**permalink**) 01-17-2008, 11:08 PM

Quote:

Originally Posted by nonsqtr

(long string of expletives deleted to spare the moderators the trouble)....

Jesus H Christ - that friggin' moron didn't learn his lesson the first time he tried this crap?

I can't believe what a freakin' idiot we've got in the White House!!!!

You know where that money's gonna go, right?

Straight to China.

Goddam moron. Bush is an anti-American freakin' traitor, and he oughta be shot at dawn.

(he can have a Marlboro though, if he wants - I'm not entirely without compassion)...

as much as i would want to lay this at the schrub's feet, that would be unfair. not saying his policies have not been a major factor in getting us to this point, but the fed/bernake encouraged congress on thursday to consider priming the economic pump with an infusion of funds into the economy ... by a variety of means. to individuals - especially low income and to business - especially small business. bernake advocated a fast, temporary program to jump start the economy. he repeatedly admonished the congress that this recommendation was a one-time temporary infusion and that long term congress must address how to meet the massive obligations which will become due in between 10-20 years. he also discouraged the republicans who were seeking to use this stimulus action from citing it as the reason to extend the bush tax cuts that are scheduled to expire in 2 years.
he repeatedly used the expression "law of arithmetic" to emphasize high spending should be accompanied by high taxes and low taxes can be found fiscally responsible only where federal spending does not exceed federal revenues (under paygo).
let's see whether a bipartisan effort can be accomplished, and if so, what form it will take. my fear is they will ignore bernake's admonitions against untargeted, unfunded spending.
let me use this as an opportunity to ask you non, or anyone actually, were they a congressman, where you think federal monies (if any) should be directed to prime the nation's economic pump, including the process to be used to get the funds where they are intended?

gmb92 · #9 (**permalink**) 01-17-2008, 11:15 PM

Quote:
Thanks to a Democratic Congress though, this appears to be directed at working people as opposed the wealthy elite.

Quote:

(I will assume you meant to say Democrat not Democratic.)
....

Oh please.

First of all where do you even get enough information to say anything like that without it being a fairy in the wind??

A little reading of this thread might help.

"The rebates would likely be limited to individuals with incomes of $85,000 or less and couples with incomes of $110,000 or less, the aide said, speaking on condition of anonymity because no final decisions had been made."

Quote:

Secondly this will be very similar(though obviosuly not do to the same thing) to the Tax Rebates everyone got back in 2001 which Democrats where not happy about. Just about everyone including you likely got a rebate of some amount.

If you're referring to the enacted budget-busting 2001 tax cuts, it doesn't appear to be. Once again,

"The rebates would likely be limited to individuals with incomes of $85,000 or less and couples with incomes of $110,000 or less, the aide said, speaking on condition of anonymity because no final decisions had been made."

Contrast this to the Bush tax cuts, most of which went to the top incomes and a little that went to everyone else.

Quote:

If anything the vaunted Democrat Congress is looking at ways to give less like usual to everyone. Probably to cover their salary increases.....

Republicans are always complaining that Democrats give too much. They should make up their minds. In this case, since there's no way to pay for this tax rebate without borrowing more, restraint should be exercised.

DuH2 · #10 (**permalink**) 01-17-2008, 11:16 PM

justabubba-

I think Hell just froze over and Jesus is skating across the Atlantic!

///

gmb92....

Reading the entire thing and what you emphasized still does not validate in anyway your claim of "Thanks to the Democrat Congress..."
There is nothign substantiating that at all.
I can say Thanks to Bush the Democrats aren't going to spend it on the Rich peope they like. Theres nothing in the article or anywhere that will substantiate that claim..but I can say it. Which is what you have done.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Some Dems Coming Around	JP5	Current Events	6	08-09-2007 05:07 AM
Coming to America	JP5	Terrorism	8	08-14-2006 04:10 PM
DIDN'T WE SEE THIS COMING?	MUNKO1970	Current Events	3	05-31-2006 06:12 AM
Coming Back?	Jimmysdms	Media & Commentators	16	12-05-2005 12:39 PM
Changes coming to the UN	Rebellion	Current Events	14	12-04-2004 01:15 PM