is this stimulus?

[LeBuick]

My wifes is about right I guess... According to the website,we get $800 so if you divide $800 by 26 checks it comes to about $30. Not sure how they came up with $3 unless your hubby works for tips so gets a very small salary...

Restoring Fairness to the Tax Code and Providing Tax Relief to Working Americans. The Making Work Pay Tax Credit aims to help middle class families who are being squeezed by rising costs and stagnating wages.

* For 2009 and 2010, the “Making Work Pay” tax credit provides a refundable tax credit of 6.2 percent of earned income up to $400 for working individuals and $800 for married taxpayers.
* Families should see at least a $65 dollar per month increase in their take home pay.

Now if 100 Million people get $30 bi-weekly then that is $3 Billion of bi-weekly stimulus which I call stimulus...

 

[donnA]

It is hard to tell because her annual increase kicked in on this check also

ah, makes it more difficult. how can she have gotten $20.96, when only $13. was promised? Of course his promise means nothing, since we got less then half the promised amount.

Now if 100 Million people get $30 bi-weekly then that is $3 Billion of bi-weekly stimulus which I call stimulus...

$3. is not stimulus.
And no he does not work for tips.
And obama said every tax payer, not some, and then he gives some more money then promised, and other almost nothing.
I don't see how $3. is restoring fairness to the tax code. Especially when $13. was promised.

Families should see at least a $65 dollar per month increase in their take home pay.

whih families should that be, the rich ones only, friends of obama, illegals, who? Because it isn't people here thats for sure. I haven't heard one person who got $13. here.

 

[matt wade]

$13. was promised

You say this time and time again. It sounds like a broken record. Where is this promise? The only thing I can find are statements that say that a typical family will see 13 dollars more a week. Maybe your situation isn't typical? Maybe you don't have as many exemptions listed on your w-2 as a typical family?

Please provide a reference to the promise you keep refering to.

 

[donnA]

You say this time and time again. It sounds like a broken record. Where is this promise? The only thing I can find are statements that say that a typical family will see 13 dollars more a week. Maybe your situation isn't typical? Maybe you don't have as many exemptions listed on your w-2 as a typical family?

Please provide a reference to the promise you keep refering to.

Ask LeBuick, he posted it in the news forum a month or so back.
If you don't mind being taken in by a liar like obama, go right ahead. But I'm not volunteering to worship obama and be fooled in by his lies.



http://www.google.com/search?sourceid=navclient&ie=UTF-8&rlz=1T4GWYA_enUS313US313&q=$13.+week+obama

 

[matt wade]

Ask LeBuick, he posted it in the news forum a month or so back.
If you don't mind being taken in by a liar like obama, go right ahead. But I'm not volunteering to worship obama and be fooled in by his lies.

I'm asking you because you are the one that is saying, over and over again, that he promised 13 dollars in every paycheck. Where's the source for that?

I'm not volunteering to worship Obama or be fooled by lies either. I don't worship him at all and, in fact, I wish he wasn't our President. In regards to lies, however, I do like to know what is a lie and what isn't. That's why I'm asking for a reference to this promise.

 

[targus]

I call that stimulus...

Uhhh... yeah, you keep saying that.

If Bush's $600 single - $1,200 joint lump sum checks didn't stimulate the economy... why do you think that an even smaller amount of weekly chump change will?

By the way, it's OUR MONEY to begin with.

Why don't you support the government not taking it from us in the first place?

That actually would stimulate the economy.

 

[ReformedBaptist]

The $400 credit for individuals is to be doled out through the rest of the year. Couples are slated to get up to $800. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.

http://www.msnbc.msn.com/id/29314485/

What a waste of tax-payer's money.

 

[LeBuick]

ah, makes it more difficult. how can she have gotten $20.96, when only $13. was promised? Of course his promise means nothing, since we got less then half the promised amount.

You are speaking from emotion and not paying attention. First of all, I am not the one who came here with the $13 dollar number. If you look at the math I presented I said, "$800 by 26 checks it comes to about $30".

That is $30 biweekly which is $15 per week. So the actual number is $15 per week and not $13 per week.

And I don't know how you figure you get less than half that is promised since it is a tax not being subtracted from your take home pay.

And obama said every tax payer, not some, and then he gives some more money then promised, and other almost nothing.
I don't see how $3. is restoring fairness to the tax code. Especially when $13. was promised.

It is not every tax payer as the GOP keeps saying, it is every working tax payer since non working people don't pay payroll taxes so there is no place to give this credit.

2. You said he would get $3 but have given no proof except to say that is what his boss said. Is his boss Republican? Enough said...

3. My wife got $20 so I believe she got her money when you consider his pay increase at the same time. Either way, it wasn't $3 by a long stretch.

I haven't heard one person who got $13. here.

I hope you can find a non-partisan person who will be truthful with you. I know the right has been twisting this tax cut since day one but from what I can see Obama came through on his promise and it is stimulus.

 

[LeBuick]

Uhhh... yeah, you keep saying that.

If Bush's $600 single - $1,200 joint lump sum checks didn't stimulate the economy... why do you think that an even smaller amount of weekly chump change will?.

We learned from Bush's mistake... He made an honest mistake and I don't hold it against him.

Bush gave the tax cut as a one time credit. We saw a blip on the screen that was just that. A blip. Besides, many people paid debt and did other non stimulating things with that money.

What we learned and what Obama is doing is releasing the money slowly into the economy and over a period of time. So instead of the single blip like we got with the Bush attempt, the theory is we should see a sustaining increase in consuming over a period of time.

How much... Again, if 100 Million working people get $30 bi-weekly then that is $3 Billion of bi-weekly stimulus spending... That would be $3 billion over the length of the tax cuts but like ReformedBaptist posted, it tapers off at the end which we hope to see the increase consumption maintain itself because the unemployed will be back to work.

 

[Revmitchell]

We learned from Bush's mistake... He made an honest mistake and I don't hold it against him.

Bush gave the tax cut as a one time credit. We saw a blip on the screen that was just that. A blip. Besides, many people paid debt and did other non stimulating things with that money.

What we learned and what Obama is doing is releasing the money slowly into the economy and over a period of time. So instead of the single blip like we got with the Bush attempt, the theory is we should see a sustaining increase in consuming over a period of time.

How much... Again, if 100 Million working people get $30 bi-weekly then that is $3 Billion of bi-weekly stimulus spending... That would be $3 billion over the length of the tax cuts but like ReformedBaptist posted, it tapers off at the end which we hope to see the increase consumption maintain itself because the unemployed will be back to work.

Do you just make this stuff up as you go?

 

[LeBuick]

Do you just make this stuff up as you go?

Show me where I am wrong... :thumbsup:

 

[blackbird]

I once educated a lady on how to stimulate her own little world

She was telling me how it was tough to "make ends meet" "Just not enough money, Preacher!!" type talk

I asked her how much she spent each year on cigarettes and she couldn't tell me so I put it out in front of her

Lets just say you smoke a pack a day at $3/pack

Then lets just say there are 365 days in the year----because you're gonna smoke on Christmas Day and at Thanksgiving and on the Fourth of July------so factor in the holidays, too-------365 days at $3/day-----what does that come out to????

$1095.00/year

Imagine ---------- if you would quit smoking------what you could do with the "stimulus" money??????

Whats wrong with the Obama $3.00 "stimulus" is-------folks can't see the "far" side----like that lady with her cigarettes------$3 is "chump change" but if at the end of the day----when you get ready for bed at night---take out your wallet and put $3.00 in some sort of little "Squirrel Hole"-----and do that every night before you go to bed----at the end of the year you would have $1095.00 to "stimulate" the economy any ole way you wish-------a new TV set------a new PC------a new washer and dryer-------a new 'frigerator/freezer

See how easy it is to stimulate yourself-------we don't need Obama's mind to tell us how it works-------we know how it works

See-------thats what happened in the Great Depression---------the government stuck its big ole "rear end" into the face of American businesses and sent "fright waves" throughout the population-----the money was out there-----its just that noone was spending it---noone was "stimulating"

 

[donnA]

[quote ]And I don't know how you figure you get less than half that is promised since it is a tax not being subtracted from your take home pay.[/quote]Lets see, we were told $13. half 13 is 6, we got 3, we actually got 1/4 what we were told by obama.
make sense now?

It is not every tax payer as the GOP keeps saying, it is every working tax payer since non working people don't pay payroll taxes so there is no place to give this credit.

my husband is a working tax payer.
And while your at it, obama said 95% od americans, 95% don't pay taxes.

2. You said he would get $3 but have given no proof except to say that is what his boss said. Is his boss Republican? Enough said...

No sorry, pay attention,
IT'S WHATS ON HIS ACTUAL PAY CHECK, so theres no such things as, just whats he's been told, no, IT'S HE ACTUAL PAY CHECK.
Understand now?
And I will not prove our income to anyone on this board, asking for such proof is going beyond the normal functioning of this board, invading my privacy asking for specific numbers. All I can tell you is, his ACTUAL pay check was only $3 more then usual.

Either way, it wasn't $3 by a long stretch.

well good for you, but ours was $3. nothing you say changes that.

 

[matt wade]

Where's the promise Donna? You still haven't shown us this promise that Obama made.

 

[LeBuick]

my husband is a working tax payer.
And while your at it, obama said 95% od americans, 95% don't pay taxes..

Another statement the right keeps twisting, he said 95% of WORKING American's...

 

[LeBuick]

See-------thats what happened in the Great Depression---------the government stuck its big ole "rear end" into the face of American businesses and sent "fright waves" throughout the population-----the money was out there-----its just that noone was spending it---noone was "stimulating"

Loved our story... It was very profound... However, during the great depression like with today, unemployment was so high that the money was not "out there" for a large portion of our population.

 

[rbell]

Bush gave the tax cut as a one time credit. We saw a blip on the screen that was just that. A blip. Besides, many people paid debt and did other non stimulating things with that money.

Par for the course, you've ignored basic economics.

1. It's our money. Try and remember that.
2. If you pay off debt...that is stimulating the economy. What do you think the debtholders do with that money...wipe their fannies with it?

Now...I didn't like the idea of Bush's stimulus check. In my view, the bloated government we have should quit trying to manage everyone's lives, money, and affairs...and that way, we could keep what we have rightfully earned.

But...since we have a sizable number of folks in this country addicted to "help," and since we have a steadily declining number of folks who are willing to fend for themselves...this trend will likely continue.

But please, try and make economically sound posts.

 

[carpro]

Another statement the right keeps twisting, he said 95% of WORKING American's...

Yes he did.

And he was still lying.

 

[targus]

Another statement the right keeps twisting, he said 95% of WORKING American's...

Obama said, "Here is what I can tell the American people: 95 percent of you will get a tax cut."

Want my source? Google that quote. You should get about 1,000 hits.

 

[matt wade]

Obama said, "Here is what I can tell the American people: 95 percent of you will get a tax cut."

Want my source? Google that quote. You should get about 1,000 hits.

Now we are talking! Someone provides a verifiable quote to show that Obama said something that wasn't true. Now we have something to criticize him over. Was that hard?

He has made both statements (95 percent of working people and just 95 percent of people). The second is false and he should be called to the table on it.