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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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