Here are some of the benefits going directly to ordinary people:
About $116 billion for those who make less than $75,000 a year who have taxes withheld. Individuals will get $400; couples, $800.
About $15 less deduction from paychecks starting in July this year, and $7.50 a week next year.
2009 earnings from $200,000 to $500,000 will get about a $4,800 income tax break in 2010. For incomes of $75,000 to $100,000, the 2010 tax savings will be $500. This benefit seems a bit more geared toward lower-tiered wealthy individuals.
Income of $10,000 from $19,000 will be the new requirement for the full $1,000 a child income tax credit.
A $2,500 income tax credit for tuition and related expenses for 2009 and 2010.
The Earned Income Tax Credit provides a $5,000 benefit to low-income families and will be worth $5,600 for 2010 taxes.
 Washington Post |
New York Times -
By Michael Falcone After a hard-fought battle on Capitol Hill last week, President Barack Obama plans to signs the stimulus bill today.
Video: What the Stimulus Bill May Do for You Obama Promoting Agenda In Key Battleground States
3 comments:
Sung to the tune of Janice Joplin's: O Lord won't you buy me a Mercedes Benz)
OBama, won’t you pay off my mortgage for me?
My payments have risen; they want to take my home.
I lied about my income, but they still made me the loan.
So OBama won't you pay off my mortgage for me?
OBama, won’t you buy me a HD TV ?
The airwaves are digital, now static’s all I see.
I can’t miss the next thing you offer us for free,
So Obama, won’t you buy me a HD TV ?
OBama, won’t you buy me a hybrid SUV?
My car is a junker. Its rusting out on me.
We all know autos must be green and gasoline free,
OBama, won’t you buy me a hybrid SUV?
Everybody!
OBama, won’t you pay off my mortgage for me?
My payments have risen; they want to take my home.
I lied about my income, but they still made me the loan.
So OBama won't you pay off my mortgage for me?
Obama All The Way
http://obama2009.com
Though others may consider the stimulus bill not to be a good plan, what matters is how the president handles the situation. The economic recovery may take for a while but at least he had his plans already laid down.
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