Hoooray for Pelosi's tax rebate

[ALLAN]

Lets give a rebate to people that don't pay taxes..lol
commie

Pelosi pressed to make sure tax relief would find its way into the hands of lower-income earners while Boehner pushed to include upper middle-class couples with incomes of up to $130,000 or so, according to congressional aides.

Bush backs larger rebates of $800-$1,600, but his plan would have left out 30 million working households who earn paychecks but don't make enough to pay income tax, according to calculations by the Urban Institute-Brookings Institution Tax Policy Center. An additional 19 million households would have received only partial rebates under Bush's initial proposal.

[Skidmark]

Ridiculous.

[Slowhand]

wow. just fucking stupid.

[AL P]

Got to make sure we have those votes at the end of the year....

[Gaber]

Watch them screw this up all to hell.

[Strychnine]

FEMA debit cards, part II ?

[wesman]

Last I saw on it:

Jan 24, 10:21 AM (ET)

(AP) President Bush, third from right,, leans in to listen to Senate Majority Leader Harry Reid of Nev....
Full Image

WASHINGTON (AP) - Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per family and business tax cuts to jolt the slumping economy.

Congressional officials close to the negotiations said House Speaker Nancy Pelosi and Republican Leader John Boehner of Ohio reached agreement in principle in a telephone call Thursday morning.

The officials, speaking on condition of anonymity, said the two wanted key members of their parties to sign off on the accord before any announcement.

The movement came as the White House said agreement seemed imminent. "Our understanding is there is no final deal yet but they are making progress," presidential spokeswoman Dana Perino said early Thursday.

Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes.

Families with children would receive an additional $300 per child, subject to an overall cap of perhaps $1,200, according to a senior House aide who outlined the deal on condition of anonymity in advance of formal adoption of the whole package. Rebates would go to people earning below a certain income cap, likely individuals earning $75,000 or less and couples with incomes of $150,000 or less.

Another element of the plan is a package of tax breaks for businesses that could cost as much as $70 billion, far more than had been expected, a senior House aide and a Democratic lobbyist said.

The business tax portion would give businesses incentives to invest in plants and equipment, give small businesses more generous expensing rules, and allow businesses suffering losses now to reclaim taxes previously paid.

After a key Wednesday night meeting in which the parameters of an agreement were reached, Pelosi and Boehner spoke again Thursday to cement the accord.

In the talks, Pelosi pressed to make sure tax relief would find its way into the hands of lower-income earners while Boehner pushed to include upper middle-class couples, according to congressional aides.

[BP]

No different than the EIC credit. I still don't understand how you can get a bigger tax refund than you paid in.

[wesman]

No different than the EIC credit. I still don't understand how you can get a bigger tax refund than you paid in.


Yep...gotta love the upper middle class in this country....get nothing in return for providing everything for the other classes. The rich get tax breaks and the poor/lower middle class get tax breaks and rebates......the upper middle class get to pay for all of it.

--wes

[Nate]

Yep...gotta love the upper middle class in this country....get nothing in return for providing everything for the other classes. The rich get tax breaks and the poor/lower middle class get tax breaks and rebates......the upper middle class get to pay for all of it.

--wes
Bitch bitch bitch...my beautiful wife and I don't get a some pocket change, my wallet is to small for my fifty's and my diamon shoes are too tight! :p

[5.0_CJ]

No different than the EIC credit. I still don't understand how you can get a bigger tax refund than you paid in.

socialism.

[Sean88gt]

Part of the plan. Keep giving handouts and they become expectouts.

[5.0_CJ]

Part of the plan. Keep giving handouts and they become expectouts.

Zaradumbshit should be in here shortly to advocate why people that didnt pay into the system should receive $300.00

[kc50lx]

This is just a way for each party to attempt to buy votes. The Dems are able to spin this that they got the refunds for the poorer people b/c the Republicans were only trying to help upper middle and so on. Its petty on both sides of the isle.

Who thinks we are heading towards a recession or who can show me proof that we are currently in one? I personally think this is a waste of time and money for the govt. I personally will use my refund to pay down some credit debt and I get the feeling that many others will too. The intended outcome to boost the economy will not happen b/c most people will use it to pay down debt. This is money that should have made its way into the economy anyways, only now the govt is footing the bill.

I personally disagree with this move. CJ nailed it, its redistribution of wealth!

[wesman]

Bitch bitch bitch...my beautiful wife and I don't get a some pocket change, my wallet is to small for my fifty's and my diamon shoes are too tight! :p


lol...remind me to leave that choke in just a little longer next week :p


oh...and I wear Puma's fugger, none of them have diamonds...get it right

--wes

[Nate]

lol...remind me to leave that choke in just a little longer next week :p


oh...and I wear Puma's fugger, none of them have diamonds...get it right

--wes
Bring it on bitch...are you going to drive one of your vipers...or the bimmer...or the TT 300 zx? Get my point trick!

:D

[wesman]

Bring it on bitch...are you going to drive one of your vipers...or the bimmer...or the TT 300 zx? Get my point trick!

:D


I only have one Viper, the BMW is not mine and the 300TT is like your car....it doesn't run very much.....rofl :D



Oh...and they revised it a bit :

The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children.

This is like when I was in the military, if you didn't have a wife and kids you got screwed outta everything......apparently if you have rug rats they think you should get more money......not sure how it's my fault that the poor bastard down the street has 12 children, that's his choice.

--wes

[Gaber]

Where's my check!! I need shit to buy while stimulating the US economy. Small band aid for a big cut.

[wesman]

Where's my check!! I need shit to buy while stimulating the US economy. Small band aid for a big cut.


Supposed to be signed on Feb 15th, checks should be ariving early June

--wes

[Slowhand]

Bitch bitch bitch...my beautiful wife and I don't get a some pocket change, my wallet is to small for my fifty's and my diamon shoes are too tight! :p

Maybe so, but why shouldn't they get the same refund that a guy who sits on his ass all day and doesn't do shit does?

[wesman]

Maybe so, but why shouldn't they get the same refund that a guy who sits on his ass all day and doesn't do shit does?


I like this guy :)

--wes

[Nate]

Maybe so, but why shouldn't they get the same refund that a guy who sits on his ass all day and doesn't do shit does?
Not saying they don't, just like giving Wes shit for his fucking HORRIBLE life he has. :p

[wesman]

Not saying they don't, just like giving Wes shit for his fucking HORRIBLE life he has. :p


Hey noone has given me shit, I've earned it....so it's about time someone does, give me my rebate check so I can buy me some damn cheese :D

--wes

[TexasDevilDog]

The rebate is not fair, illegal aliens that don't pay federal tax won't get any money. That will make their children suffer.

:rolleyes:

[mopar63]

Part of the plan. Keep giving handouts until they think they have bought enough votes to win in November.

Fixed

[Nate]

Hey noone has given me shit, I've earned it....so it's about time someone does, give me my rebate check so I can buy me some damn cheese :D

--wes
lol you are a special one Wes...Wonder how Steph puts up with you. :p

[Paladin]

In the very sick mind of the extreme left this sounds fair I bet. I have no idea how giving rebates to people who don't pay any taxes can be justified by anyone.

I sure hope this comes up in a debate or by interviews with all the major candidates.

[AL P]

It makes perfect sense if you would like to make progress towards Socialism and want to buy the votes needed to do so.

[wesman]

lol you are a special one Wes...Wonder how Steph puts up with you. :p


She likes cheese too.....oh, and crackers. I'll need two checks please, she likes expensive foofoo crackers :p

--wes

[Mustangman_2000]

I don't follow Pelosi on this one.

Granting a tax rebate for people who make too little to pay income taxes?

Isn't the minimum earnings for filing a Federal Income Tax return like $400?

If you aren't making $400 Annually then you are unemployed. What a great country we live in if you are a minority or insolvent due to laziness.

At least the increases in food stamps and unemployment insurance didn't go through.

It could have been worse, I guess.