Congress Passes Stimulus Plan!

[Juan Benavidez]

Congress passes the stimulus plan to include seniors and disabled veterans!
But no help for unemployed whose assistance has expired. However, businesses will be allowed to deduct business expenditures.
http://www.nytimes.com/2008/02/08/washington/08fiscal.html?hp

 

[OSU Beavers]

Good for seniors, they got left out last time. Looks like my folks will get an extra $300 this spring, which is nice because they are "on a very fixed income".

 

[airphoto]

Last I looked, this scheme was only an advance against next year's tax liability. Thus, if you owed $1,000 this April, all things being equal you'll now owe $1,600 next April. It's not a gift, just an advance against next year's liability ..

 

[JTip]

Now every American will have a big screen LCD tv.

 

[Greg Bell]

Don't forget that it's taxable income.It doesn't get any dumber than this..

 

[Caligirl]

Don't forget that it's taxable income.It doesn't get any dumber than this..

No-one ever accused this administration of being geniuses, and that goes for congress and the senate as well.

 

[nauthead]

This bill is named incorrectly. It should be the incumbent protection act of 2008. Nothing like passing out a few bills right before an election.

 

[Dee Dee]

Woo Hooo! Rebates to illegals too!

Oops...video link wouldn't work.

Here's the story:

http://michellemalkin.com/2008/01/30/stimulating-tax-rebates-for-illegal-aliens/

 

[Workbox]

This bill is named incorrectly. It should be the incumbent protection act of 2008. Nothing like passing out a few bills right before an election.

You got that right buddy! I'm going to blow mine in a good savings account.

 

[Stephen J. Vertin MAI]

So can I buy a car this year for my business and write the entire thing off this year?