Posts Tagged ‘Stimulus’
» posted on Wednesday, December 16th, 2009 at 8:11 pm by Damien Baldino
“Jobs for Main Street Act” contains welfare payments
The House narrowly approved a “jobs” bill by a narrow vote margin of 217 to 212. The “Jobs for Main Street Act” will provide $50 billion for local governments, and another $50 billion for infrastructure projects. There’s little doubt that most of this money will find its way into the pockets of the unions that support the Democratic party, but that’s another story.
The most sickening item in the bill is a $1,000-per-child tax credit for people with little or no income. Ladies and gentlemen, this is nothing more than using the tax code to provide more welfare payments. Does it really make sense that someone who pays just $800 in taxes could see a $5,000 “tax refund”? The Earned Income Credit is bad enough, but then it is exacerbated by this additional payment. » read more
post a comment | filed under Economy · Politics | tags: Earned Income Credit, Infrastructure, Jobs For Main Street Act, Stimulus, Welfare
» posted on Tuesday, December 8th, 2009 at 7:39 pm by Damien Baldino
Another day, another stimulus package
The White House has continued to claim that the $787 billion stimulus bill is a success so far. Plus, only about a third of the money has been spent, and the rate of spending is expected to pick up during the winter. If that’s the case, why do we need another stimulus bill?
The next stimulus would include tax breaks for small businesses, more money spent on transportation and infrastructure, and a “Cash for Caulkers” program which would stress weatherization and energy efficiency projects for homeowners. So, how much would this cost, and how would he pay for it? » read more
post a comment | filed under Economy · Politics | tags: Barack Obama, Cash For Caulkers, John Cornyn, Stimulus, TARP
