Comments on: Making Work Pay Tax Credit Extension

By: Just thinkin'

Just thinkin' — Tue, 19 Oct 2010 02:20:59 +0000

Got-A-Clue, I suggest you study the figures for the Bush economy. You will find that the only thing that expanded at greater than average rates was CORPORATE PROFITS.
Gross Domestic Product, Employment, Wages, Non-Property Investments (stock market) were all below average. Cutting taxes for the richest segment of the economy caused deficit spending; Bush’s programs were still in place and sucking up money, but there was not enough money to pay for them. That’s why the budget went from $128 billion surplus to $1.4 trillion deficit. You might want to change your username.

By: Flexo

Flexo — Sat, 07 Aug 2010 19:30:51 +0000

If by “working people” you mean the wealthiest Americans whose income comes from investments or CEOs and other executives whose million-dollar incomes are approved by Boards of Directors consisting of other CEOs and executives, then yes, Republicans give these “working people” tax breaks. That’s what Reagan did (trickle-down economic theory).

By: JIMMY

JIMMY — Sat, 07 Aug 2010 17:32:47 +0000

IF THE DEMOCRATS HAVEN’T SEEN THE CITIZENS CRYING ABOUT SPENDING AND FOR TAX RELIEF, THEY WANT EVER. IT STRANGE THE REPUBLICANS ARE SAID TO BE A RICH MAN’S PARTY YET THEY GIVE TAX CUTS TO THE WORKING PEOPLE, SAME AS REGAN DID. THE DEMOCRATS FOR THE LAST FORTY YEARS THAT I’VE KEPT UP WITH ARE THE BIG SPENDERS WITH THE TAXPAYERS MONEY. FIGURE IT OUT FOR YOURSELF THE PROOF IS IN THE PUDDING.

By: Jimmy Sylakowski

Jimmy Sylakowski — Sun, 01 Aug 2010 21:22:14 +0000

$30/month doesnt pay for full tank of gas.

By: Jenna

Jenna — Thu, 29 Jul 2010 20:37:33 +0000

Thanks Flexo! That was what I was looking for. I’m going to assume 12/31/10 then. Will be interesting to see how this plays out.

By: Jessica Bosari

Jessica Bosari — Thu, 29 Jul 2010 15:52:26 +0000

Oops, something went wrong! This was intended for the dentist article!

By: Jessica Bosari

Jessica Bosari — Thu, 29 Jul 2010 15:51:39 +0000

I definitely recommend getting a referral from a friend on this one. We lucked into an incredible dentist and ended up sending a friend his way. This friend had a lot of problems with his teeth and had been raked over the coals by several other dentists. Now he feels comfortable knowing the dentist is going to help him find the cheapest solutions to his problems and work with him to pay the bill. In my travels, I also noted that dental schools offer cheap care, if you have one near you. They are mostly in big cities.

By: Jenna

Jenna — Wed, 28 Jul 2010 21:47:18 +0000

Well what is Congress date of expiration?

By: Apex

Apex — Wed, 28 Jul 2010 02:33:23 +0000

Try this. Your drivers license has an expiration date on it. What happens if you renew your license prior to it expiring? What happens if you don’t renew it prior to it expiring?

This is the same.

By: Got-A-Clue

Got-A-Clue — Wed, 28 Jul 2010 01:55:44 +0000

Totally agree. I would add that from an economy-stimulating point of view, it makes a lot of sense to give big tax cuts to the rich and make the poor/middle class pay as much tax as they can shoulder. The poor/middle class don’t have a clue how to spend money, they are just not used to it. On the other end the rich’s got plenty of practice in spending their wealth and therefore helping the economy grow. The more the economy grows, the more jobs are created for the poor/middle class. Which in turn creates more tax revenue, Which means we can afford more tax cuts to the rich to create more spending, etc. Bush had it right. It’s a shame his tax cuts will expire because 8 years of them did so much good for the economy.

By: Flexo

Flexo — Wed, 28 Jul 2010 01:35:54 +0000

Jenna: The tax credit is designed for 2009 and 2010 only. If the increased paychecks are to continue in 2011, Congress needs to act before the end of 2010. They could wait until later than that or they could choose not to renew the credit.

By: Jenna

Jenna — Tue, 27 Jul 2010 23:30:35 +0000

Then what does “This benefit is in danger of expiring if Congress does not act to extend or renew the credit” mean?

By: Matthew

Matthew — Tue, 27 Jul 2010 20:04:44 +0000

Amen brother. I would also stop referring to a tax cut as “costing” the taxpayers. How is having less of your money taken by the government costing you anything?

By: Dan

Dan — Tue, 27 Jul 2010 19:27:09 +0000

I don’t think there is one. Congress can act whenever they want.

By: Dan

Dan — Tue, 27 Jul 2010 19:26:32 +0000

@Jeff,

Can’t say I totally agree here, because the more money I make, the less and less I agree with the “just keep taxing the rich, they can afford it” mentality. They typically set the bar low enough where “rich” is really just middle class.

And the poor/middle class should start paying their fair share of taxes around here. (FWIW, if I didn’t get married last year, I would have had an $11k tax bill. And I’m far, far from rich.)

So I think everybody should share this burden, and it won’t be easy.

(My tongue-in-cheek response would be “the poor and middle class need to get a clue, start paying for what they use, and stop expecting the ‘rich’ to shoulder the burden.”)

By: Jenna

Jenna — Tue, 27 Jul 2010 18:24:41 +0000

When is the deadline to make the decision?

By: Jeff Schwandt

Jeff Schwandt — Tue, 27 Jul 2010 18:08:26 +0000

The GW Bush tax cuts are expiring. Taxes are going up for everyone and the marriage penalty tax is back. Bottom line, Congress and Obama are clueless about what makes the economy go and completely out of touch with most of the country.