Obama's tax cut for 95% of Americans

iVillage Member
Registered: 08-17-2005
Obama's tax cut for 95% of Americans
412
Mon, 10-13-2008 - 11:24am

I know it is endlessly brought up how Obama is going to cut taxes for 95% of working families.

Susan

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iVillage Member
Registered: 04-24-2008
Wed, 10-15-2008 - 9:30am

<<How "hard" you work is immaterial.

iVillage Member
Registered: 10-02-2008
Wed, 10-15-2008 - 10:04am

"What age group?

KAREN

iVillage Member
Registered: 09-08-2006
Wed, 10-15-2008 - 10:07am

Well, I am relieved you are not one complaining about helping the destitute.


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iVillage Member
Registered: 09-08-2006
Wed, 10-15-2008 - 10:11am

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iVillage Member
Registered: 09-08-2006
Wed, 10-15-2008 - 10:29am

I am not sure you can make that assumption by just observing people in retail.

 

iVillage Member
Registered: 09-15-2008
Wed, 10-15-2008 - 10:38am
<<So, at the risk of putting words in your mouth, you see this as a "pump priming" exercise - move some money out of investment (by the rich) into consumption (by the poor), thereby jump starting the economy.

The problems I see with that are two-fold:


First, Obama's proposal isn't a one-time thing - it will create another government entitlement that people will become ever more dependent on, and it's not targeted at a one-time stimulus in bad times.>>


-i dont think the money that people get as a refund will enough for them to get dependent on. estimate put it at a few hundred dollars that more than people are already eligible for. so it will help them out and they will spend it. but things like the child care credit and the college tuition assistance are things people are more likely to come to rely on. but at the same time, those are really important things that will open up door of opportunity for many people


<more money out of the country>>


-yes. this is why i also like obamas incentives for investment in the US.


you seem convinced that obama's plan wont work. what do you think mccains plan will do for the economy?

iVillage Member
Registered: 09-08-2006
Wed, 10-15-2008 - 10:40am

<>


So, you are concerned that people will become little drones to the government because they get a tax cut?

 

iVillage Member
Registered: 09-09-2008
Wed, 10-15-2008 - 10:41am

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dh always says, "I was born with nothing and I still have most of it left." ;-)

iVillage Member
Registered: 09-08-2006
Wed, 10-15-2008 - 10:43am

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iVillage Member
Registered: 09-09-2008
Wed, 10-15-2008 - 10:59am

<>

First of all, your numbers are way off. Second, who are you to judge what would hurt and what wouldn't hurt. You don't know a single thing about the people on whom you are passing judgment.

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