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    Who are the NERD fund donors Mr Snyder?

    Raise the curtain.

    Thursday in the Sphere: February 12


    By Nick, Section News
    Posted on Thu Feb 12, 2009 at 08:22:08 AM EST
    Tags: Sphere (all tags)

    Blog of Bodnar: Another Senator Backs Stabenow's Fairness Doctrine

    Crippy's World: How Will You Spend Your $13?

    Live Dangerously: Denominator

    RightCuz: Three Ways to Pay and a Stimulus

    RougBlog: Zoorotica

    < Granholm-Cherry administration to unveil most hypocritical budget of their careers | Granholm-Cherry budget INCREASES spending, wastes "stimulus" cash to erase red ink >


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    Crippy's World (none / 0) (#1)
    by Eric T on Thu Feb 12, 2009 at 11:12:17 AM EST

    http://news.yahoo.com/s/ap/congress_stimulus

    "The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.

    Officials estimated it would mean about $13 a week more in people's paychecks when withholding tables are adjusted in late spring. Critics say that's unlikely to do much to boost consumption."

    I'd say, using the George Bush stimulus plan as a benchmark for what a good stimulus plan looks like, this one just is not as good. The $1,200 rebate check we got last year, actually put some money in your hand to go out and buy some new work boots, clothes, groceries, ect.. $13 buck a week, ain't going to stimulate much of anything

    The working man, gets no real break. It looks like they got some breaks for the super rich

    "But nothing could shake negotiators from insisting on including $70 billion to shelter middle- to upper-income taxpayers from the alternative minimum tax, originally passed a generation ago to make sure the super-rich didn't avoid taxes."

    And breaks for people that ain't workin

    "Millions of people receiving Social Security benefits would get a one-time payment of $250 under the agreement, along with veterans receiving pensions, and poor people receiving Supplemental Security Income payments."

    Tons of things in there to stimulate government, but at this point, It don't really look like it is going to revive industry or help the retail sector much if at all.

    more on stimulus package (none / 0) (#2)
    by Eric T on Thu Feb 12, 2009 at 10:46:31 PM EST

    I'm grateful for the $400 tax break, the point I was trying to make is it has more buying power, in one lump sum, up front. but it is still good even if it is from paycheck to paycheck.
     Everytime, I see the governor or any politician, try and save me some money on taxes, I really am grateful.

    I was wrong about what I said early about that bill not stimulating industry, The House Representative from my district, put some huge tax breaks in that bill.  

    http://news.yahoo.com/s/ap/congress_stimulus

    "One last-minute addition was a $3.2 billion tax break for General Motors Corp. that would allow the ailing auto giant to use current losses to claim refunds for taxes paid when times were good. GM got a $13.4 billion federal bailout late last year -- and is expected to receive more in 2009 -- and argued that without the provision, its government-financed turnaround plan could force the company to pay higher taxes.

    The legislation does not mention GM specifically, but the company has been lobbying hard for the provision for months, with help from Michigan's representatives in Congress. "We wanted to make sure that the restructuring wasn't counteracted," said Rep. Sander M. Levin, D-Mich., a supporter of the provision.

    It was not immediately clear why the provision had not been included in the bill that cleared the House several weeks ago.

    Negotiators sweetened another tax break at the last minute, doubling to $1.6 billion a provision that would benefit businesses that buy their own debt at a discount. It was a major priority of business groups such as the U.S. Chamber of Commerce, which argued it would help firms and banks clear debt from their balance sheets and begin to hire workers and lend money to customers. The business group announced its support of the bill, despite the heavy opposition from its customary Republican allies in Congress."

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