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Will the check be in the mail? ($800 per individual taxpayer?)
My Fox Tampa Bay ^ | 1/19/08

Posted on 01/19/2008 5:16:07 PM PST by Libloather

Will the check be in the mail?
Last Edited: Saturday, 19 Jan 2008, 1:47 PM EST

TAMPA - Cash can be like a jolt of caffeine to a national economy. In 2001, the federal government sent every income taxpayer a $300 rebate check. It ran up our debt, but also helped end our last recession.

Now President Bush and Congressional leaders want to try it again. This time they may send every income taxpayer a larger check. Economists say that could stimulate our economy again if recipients spend much of their rebates on products.

"Letting American people keep more of their own money should increase consumer spending," said President Bush. That could potentially pull us out of the credit and mortgage mess that's hurting the entire U.S. economy. For this to work, federal leaders need to act soon.

"A stimulus must be timely—if it comes too late, it can interfere with a recovery," said House Speaker Nancy Pelosi.

President Bush also wants tax credits for small businesses that could entice them to expand and hire. Congress may also increase unemployment benefits, and increase food stamp allotments.

On the downside, big rebates can drive up debt and inflation over the long run, which takes money out of our pockets. But our government is focused on a temporary stimulus, to address the problems we have today.


TOPICS: Editorial; Government; News/Current Events; Politics/Elections
KEYWORDS: check; elections; mail; stimulus
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In 2001, the federal government sent every income taxpayer a $300 rebate check.

Back in the day, Puff Daschle said that wasn't enough to buy a muffler. And you'll never guess what fell out from under my car the very week I got that check.

1 posted on 01/19/2008 5:16:09 PM PST by Libloather
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To: Libloather
Back in the day, Puff Daschle said that wasn't enough to buy a muffler. And you'll never guess what fell out from under my car the very week I got that check.

Well? Was he right? Did it cover it?

2 posted on 01/19/2008 5:17:49 PM PST by Non-Sequitur (Save Fredericksburg. Support CVBT.)
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To: Libloather

A hundred billion dollars in ‘stimulus’, plus or minus. And not a word from anyone on how to pay for it.


3 posted on 01/19/2008 5:18:44 PM PST by Non-Sequitur (Save Fredericksburg. Support CVBT.)
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To: Libloather

Well, I could save you from that fate if you will just sign your check over to me. :-)

That goes for anyone that complains that giving me some of my money back is going stop us from paying our national debts. As if they were going to anyway.


4 posted on 01/19/2008 5:19:07 PM PST by Laptop_Ron (It takes a villager to raze a village)
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To: Libloather

Now I can afford two mufflers. Better make the appointment.

:-)


5 posted on 01/19/2008 5:21:10 PM PST by writer33 (The U.S. Constitution defines a conservative and Rush Limbaugh knows it.)
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To: Libloather

Another opportunity lost for meaningful tax cuts for those of us that PAY taxes. Get a real CUT to taxes starting at the TOP and Corporate levels. The RICH are the ones that create jobs and influence the economy quickly. Giving everyone a check is just buying people, not a true help to the economy. Tax Cuts work EVERY TIME. And we have the highest Corporate rates in the world.


6 posted on 01/19/2008 5:21:49 PM PST by King_Corey (A King is Sovereign of his life and not a slave)
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To: Libloather

With the cost of heating oil and food going through the roof, we could sure use some of our money back - permanently!


7 posted on 01/19/2008 5:22:55 PM PST by Think free or die
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To: Libloather

If they wanted to help this economy they would repeal the gasoline tax for a year or two. Fuel costs are what what is driving this economy down right now.


8 posted on 01/19/2008 5:23:32 PM PST by Normal4me
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To: Libloather

Doesn’t this amount to just an advance on our tax returns? Like the last time in 2001? That’s not a rebate.


9 posted on 01/19/2008 5:25:32 PM PST by Carilisa (In the Heart of Big Snow Country)
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To: Non-Sequitur
Well? Was he right? Did it cover it?

European sports car with TWO mufflers on the same pipe? (One is called a mid-muffler.) Nope. But throw in another $500 for LIFETIME coverage? You betcha...

10 posted on 01/19/2008 5:26:24 PM PST by Libloather (Do animals pollute the planet by exhaling, too?)
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To: Libloather
That $300 check covered most of the cost of a used Glock 23C with a new Jarvis barrel installed. My local FFL has quoted me $925 for the 5" S&W 460 revolver. I consider it a "precious metals" investment. The 4" S&W 686+ I purchased for $437 in 2000 sells for $960 today. Not the same increase as gold, but a lot more useful.
11 posted on 01/19/2008 5:26:25 PM PST by Myrddin
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To: Libloather
Anybody else feel a bit insulted and manipulated....all for 800 bucks?

Giving all us little people 800 bucks, and further devaluing our money while you do it, doesn't seem like a very good solution to me.

I keep asking myself if you have all that to give.....why are you still taking from us every week.

Heck some are even campaigning to take more, while praising a check for everyone. Bizarre

12 posted on 01/19/2008 5:27:24 PM PST by Kakaze (Exterminate Islamofacism and apologize for nothing.....except not doing it sooner!)
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To: Non-Sequitur
"And not a word from anyone on how to pay for it."

What a fallacy. I've already "paid" for it, I'd just be getting some of the thousands that I already paid in back.

You don't have to pay for tax cuts, all it simply takes is for Uncle Sam to take his hand out of my pocket. I'm also completely convinced that I can spend my money better than the Feds can.

13 posted on 01/19/2008 5:27:56 PM PST by rednesss (Fred Thompson - 2008)
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To: Libloather
The creation of wealth rests on the use of natural resources. If we shut down industry and close our forests, fisheries, farms and mines, we only have the illusion of wealth by cycling dollars from one to another. As Will Rogers once noted, some day we’re going to have to stop taking in each other’s laundry and actually make something. Keynes, and his followers, are exactly wrong. I weep to see the Party of the Republic worshiping at his altar.
14 posted on 01/19/2008 5:29:53 PM PST by WorkingClassFilth
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To: Libloather
European sports car with TWO mufflers on the same pipe? (One is called a mid-muffler.) Nope. But throw in another $500 for LIFETIME coverage? You betcha..

$800, huh? Well it sounds like the President's scheme will cover you.

15 posted on 01/19/2008 5:30:01 PM PST by Non-Sequitur (Save Fredericksburg. Support CVBT.)
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To: Think free or die

I think we’re looking at a socialist response to the fascist overtaxation. I am so down because Duncan Hunter has reportedly dropped out. We need to fix the tax structure.


16 posted on 01/19/2008 5:30:34 PM PST by Unknowing (Now is the time for all good men to come to the aid of their country.)
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To: Libloather
Back in the day, Puff Daschle said that wasn't enough to buy a muffler.

Land Sakes! I hadn't thought of him in years!

I suppose he's disappointed that I haven't mourned his political demise.

17 posted on 01/19/2008 5:30:46 PM PST by TontoKowalski
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To: Libloather

More socialism from the GOP.


18 posted on 01/19/2008 5:31:01 PM PST by GovernmentIsTheProblem (We are not to expect to be translated from despotism to liberty in a featherbed. - Thomas Jefferson)
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To: Non-Sequitur
A hundred billion dollars in ‘stimulus’, plus or minus. And not a word from anyone on how to pay for it.

The fed will just ramp up the printing presses. More "funny money" that grows more worthless each day.

Glenn Beck had a government accountant explain the current state of the real debt. It amounts to $448,000 for every living person in the United States. We're not going to tax out way out, or spend out way out or grow our way out. A financial tsunami is coming and there isn't much any of us can do about it. Prepare as best you can for some lean time with worthless currency.

19 posted on 01/19/2008 5:31:38 PM PST by Myrddin
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To: Libloather
"Letting American people keep more of their own money should increase consumer spending," said President Bush.

Rebates are a gimmick. Besides, at least 1/3 is going back to the Feds anyway in your next tax return.

Now is the purrrfect time to propose another Tax Reduction Bill. Hell, even the libs might back this if it were sold as an economic stimulus package.

Will this happen? Nope. Assuming the RNC could even comprehend the idea, the jellyfish would quivver and shake in their boots.

20 posted on 01/19/2008 5:31:47 PM PST by Cobra64 (www.BulletBras.net)
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To: rednesss
You don't have to pay for tax cuts, all it simply takes is for Uncle Sam to take his hand out of my pocket. I'm also completely convinced that I can spend my money better than the Feds can.

Money returned to you is theoretically money the government can't spend on something else. So a fiscally responsible government would reduce spending elsewhere in order to turn that money over to you. Nobody's talking about doing that.

21 posted on 01/19/2008 5:32:58 PM PST by Non-Sequitur (Save Fredericksburg. Support CVBT.)
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To: All

So, WHEN is this supposed to happen???


22 posted on 01/19/2008 5:33:13 PM PST by jackibutterfly
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To: rednesss
What a fallacy. I've already "paid" for it, I'd just be getting some of the thousands that I already paid in back.

Sort of, but since it bears no proportion to the amount you've paid (discounting the people who pay less than $800 in taxes) it's more like a form of redistribution. The government's running deficits already, meaning this will just increase the debt. Ultimately it will have to be paid off, and the taxes used to pay for it will be in proportion to income.

So effectively it just makes the income tax even more "progressive."

23 posted on 01/19/2008 5:35:29 PM PST by Young Scholar
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To: rednesss
What a fallacy. I've already "paid" for it, I'd just be getting some of the thousands that I already paid in back.

No kidding. I'm paying about $3,500 per month in federal income taxes. That doesn't count what my wife is paying.

24 posted on 01/19/2008 5:35:35 PM PST by Myrddin
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To: Carilisa
Doesn’t this amount to just an advance on our tax returns? Like the last time in 2001? That’s not a rebate.

It is a rebate. It's a one-off, one-shot deal. And it will be taxed. It's a pathetic, weak-kneed idea conjured up by politicians to appear sympathetic to those who can't figure out that it's a gimmick.

To stimulate the economy, cut taxes, spending, and fire 90% of the jerks in DC.

25 posted on 01/19/2008 5:35:52 PM PST by Cobra64 (www.BulletBras.net)
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To: TontoKowalski

He’s “very concerned”


26 posted on 01/19/2008 5:36:47 PM PST by digger48 (http://prorev.com/legacy.htm)
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To: Libloather

Sounds like more money in the ammo fund.


27 posted on 01/19/2008 5:38:23 PM PST by P8riot (I carry a gun because I can't carry a cop.)
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To: Libloather; ancient_geezer; Taxman; pigdog; Principled; EternalVigilance; phil_will1; kevkrom; ...
This is another weak attempt to tinker with the income tax code that is beyond reform by using a short term band aid approach.It doesn’t solve anything in the long run. It only make matters worse. We need a fundamental change by replacing the income tax with a consumption via The Fair Tax Act. Fair Tax ping!
28 posted on 01/19/2008 5:39:12 PM PST by Man50D (Fair Tax, you earn it, you keep it!)
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To: Myrddin
Glenn Beck had a government accountant explain the current state of the real debt. It amounts to $448,000 for every living person in the United States.

That almost makes the $10,000 per family for the Iraq war seem like peanuts!

29 posted on 01/19/2008 5:41:02 PM PST by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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To: Unknowing
I am so down because Duncan Hunter has reportedly dropped out. We need to fix the tax structure.

Hunter is out of the race. We need to replace the income tax with a consumption tax by passing The Fair Tax.
30 posted on 01/19/2008 5:41:47 PM PST by Man50D (Fair Tax, you earn it, you keep it!)
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To: Non-Sequitur
$800, huh? Well it sounds like the President's scheme will cover you.

I did mention LIFETIME coverage. I get FREE mufflers for the life of my 1987 GTI. Now, if I could only work out a deal like that on groceries...

31 posted on 01/19/2008 5:42:07 PM PST by Libloather (Do animals pollute the planet by exhaling, too?)
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To: Man50D

The discredited Keynes is smiling.......


32 posted on 01/19/2008 5:42:53 PM PST by DivaDelMar
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To: Non-Sequitur
A hundred billion dollars in ‘stimulus’, plus or minus. And not a word from anyone on how to pay for it.

They will print the money,but the problem comes when people find out about it that could lead to inflation, as people would know their money is actually worth less.

So they should just lie and say it is coming out of cuts in Governmental spending. - tom

33 posted on 01/19/2008 5:43:01 PM PST by Capt. Tom (Don't confuse the Bushies with the dumb Republicans - Capt. Tom)
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To: Laptop_Ron; Libloather; Non-Sequitur; King_Corey

anyone that complains that giving me some of my money back is going stop us from paying our national debts. As if they were going to anyway.

.
Exactly, now it’s time to play along and get the deepest tax cuts for long term as in Post#6. The depression is going to be worst in history, double digit taxation must be outlawed!


34 posted on 01/19/2008 5:43:28 PM PST by Son House (Protection For Opportunity Seekers And Tax Payers From Congress Spending: Low Tax Rates !!!)
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To: Man50D

I was just reading your post about that, and was considering saying to you: “yeah, I think you’re right.”

If I earn it then I should keep it.


35 posted on 01/19/2008 5:43:45 PM PST by Unknowing (Now is the time for all good men to come to the aid of their country.)
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To: Myrddin

$3,500 a month?? If you don’t mind me asking, what is it you do?


36 posted on 01/19/2008 5:44:18 PM PST by reagan_fanatic (Ron Paul put the cuckoo in my Cocoa Puffs)
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To: Normal4me

If they really wanted to help out lower income workers, they would stop taking FICA taxes out of their paychecks. Let Warren Buffet pay for his own Viagra.


37 posted on 01/19/2008 5:44:30 PM PST by Pining_4_TX
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To: Libloather

Here is a better idea:

Don’t take our money away for socialist redistribution programs in the first place.


38 posted on 01/19/2008 5:45:42 PM PST by Iron Munro (Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.)
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To: Kakaze

devaluing our money

Could you explain that, not sure I follow it yet.


39 posted on 01/19/2008 5:45:45 PM PST by Son House (Protection For Opportunity Seekers And Tax Payers From Congress Spending: Low Tax Rates !!!)
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To: jackibutterfly
So, WHEN is this supposed to happen???

My guess - mid-summer (during this election year.)

40 posted on 01/19/2008 5:47:56 PM PST by Libloather (Do animals pollute the planet by exhaling, too?)
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To: Gondring
That almost makes the $10,000 per family for the Iraq war seem like peanuts!

Yup. I'm coughing up $40,000 to $70,000 each year in FIT.

41 posted on 01/19/2008 5:48:40 PM PST by Myrddin
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To: rednesss
What a fallacy

No, its true--100 billion more in debt. Our indebtedness may cause a collapse of the dollar.

42 posted on 01/19/2008 5:48:48 PM PST by Cruising Speed
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To: Libloather

I’m gonna get both my dogs neuterd and get drunk.....:8)


43 posted on 01/19/2008 5:49:00 PM PST by cmsgop
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To: Libloather
"Letting American people keep more of their own money should increase consumer spending," said President Bush.

That's right, so cut out income tax altogether along with welfare, social security, medicare, and medicaid.

No programs to fund means no need for the money. It's a win/win situation.

44 posted on 01/19/2008 5:49:13 PM PST by ukie55
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To: Carilisa
Doesn’t this amount to just an advance on our tax returns? Like the last time in 2001? That’s not a rebate.

LOL, I'll have to watch it so I don't get hit with a penalty for under withholding. I manage my taxes so I pay when taxes are due..

45 posted on 01/19/2008 5:51:05 PM PST by EVO X
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To: Son House

Getting this congress to throw us breadcrumbs is one thing, but to actually give us more of our own money back on a yearly basis? Surely you jest.


46 posted on 01/19/2008 5:52:18 PM PST by Laptop_Ron (It takes a villager to raze a village)
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To: Man50D

They can send me my check, and THEN fix the tax code.


47 posted on 01/19/2008 5:53:10 PM PST by irishtenor (Check out my blog at http://boompa53.blogspot.com/)
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To: writer33
Now I can afford two mufflers.

Or you can trap it and make your own!

48 posted on 01/19/2008 5:53:23 PM PST by Libloather (Do animals pollute the planet by exhaling, too?)
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To: reagan_fanatic
Embedded systems. I design the hardware and software, verify the schematics, implement and test the firmware. On other projects I do real time signal processing. It's a continuous mix of electrical engineering and computer science. I'm not making any money right now with my skills as a molecular biologist, but that may be changing shortly with some corn to ethanol contracts where I'll need to apply both my skills at manipulating the "bugs" with building new process control systems to increase the ethanol yields.
49 posted on 01/19/2008 5:53:41 PM PST by Myrddin
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To: cmsgop
I’m gonna get both my dogs neuterd and get drunk...

Two neuterings and a bottle of Jack. You should get some change back!

50 posted on 01/19/2008 5:57:47 PM PST by Libloather (Do animals pollute the planet by exhaling, too?)
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