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Should the Obama taxcuts expire or be extended?

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-17-10 12:03 PM
Original message
Should the Obama taxcuts expire or be extended?
Edited on Sun Oct-17-10 12:05 PM by kentuck

As everyone - and I mean everyone - knows, the stimulus bill that was passed by President Obama and the Democrats included over a $1200 taxcut for every husband and wife that is working in America. That was over $200 billion dollars of the stimulus bill.

Now that may not seem like much when you only get $13 dollars per week but that is how much it comes to over a year's time.

Should this taxcut be extended or does it automatically expire at the end of this year? Should this be debated, since no Republican seemed to have gotten that taxcut, I am sure they would not miss it?

But, would it not serve a purpose to bring it up for debate??
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glowing Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-17-10 12:11 PM
Response to Original message
1. I would prefer it as a lump sum check, rather than a lower tax take out
Edited on Sun Oct-17-10 12:21 PM by glowing
every pay period.. or bigger refund at the end of the year. Especially since many people are out of work and a lump sum payment right before or after Christmas would really boost the end of the year sales.

AND on another note; as much as we have paid into the mega banks, just giving each adult a $10,000.00 check would have been a huge stimulus. Little people would use it to pay their mortgage, buy a car, pay off credit cards so they can use the money they aren't paying on c.c. into the economy with real money (and money would be trickling up to the banks), help to start a small business with a little capital, or as a down payment to buying a home, and pay for re-education (college or trade schools). Throwing money at the people who wrecked the economy was crap. As much as the Tarp and Feds have thrown at the banks has done nothing to help with the economy...

Then stop the wars (too expensive)... And start re-building America's infrastructure and "green energy" jobs.

Also, change the trade agreements... The idea of the states combining their efforts in the beginning of the ratification of this country was to control and protect itself with trade and taxes... Start making it more difficult to offshore jobs. Make in a lose-lose situation for the ass hats. And regulate the mega corporations much better.

Oh and create living wage minimum wage, 4 week vacations, and at least 6 mo maternity and paternity leave w/ pay.
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-17-10 12:18 PM
Response to Original message
2. I understand most workin class Americans make good use of their tax cuts
and some desperately need them BUT I also think we ALL have to recognize that the Country just can't afford to keep giving oney back to EVERYBODY! IMO I think it wuld bebetter to keep the Oama tax cuts & let ALL the Shrub cuts go away! It seems that $13/wk would be much more important to the lower income people than whatever beefit, if any, they got from the Shrub cuts.
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