Posted on 02/06/2009 4:47:12 PM PST by Uncle Miltie
John Thune introduced an amendment to scrap the entire stimulus, and replace it with an across the board middle class tax rebate. Ask the average American family—would you prefer Congress spend tens of millions on STD prevention and fish pathways—or sent you a check for $10,286?
Thune Introduces Middle Class Tax Relief Amendment to the Stimulus Bill Middle Class Couples Would Receive up to $10,286
WASHINGTON, DC – Senator John Thune today introduced an across-the-board middle class tax rebate amendment (S. AMDT #538) to the American Recovery and Reinvestment Act of 2009. Senator Thune’s amendment would strike the entire $936 billion Senate stimulus bill and replace it with a $936 billion across-the-board-middle-class tax rebate for 182 million Americans. The amendment would result in a tax rebate of $5,143 for single filers and $10,286 for married couples who file jointly. Eligibility is capped for all tax filers at 2007 adjusted gross income of $250,000.
“There seems to be a great deal of discussion over how to spend American taxpayers’ money and future earnings. Instead of investing billions in wasteful government programs that won't provide immediate help to our troubled economy, my amendment invests in the American people,” said Thune. “I think most Americans believe they know how to best spend their own money and would rather have control over it than have the government create new federal programs, or waste it on pet pork projects that will not stimulate the economy. My amendment is an equitable way to ensure that virtually all working Americans benefit from this economic stimulus plan. This is substantial tax relief for middle class families.
In 2007, roughly 53 million joint and 76 million single tax returns were filed with an adjusted gross income of less than $250,000.
“If people are serious about the need for this stimulus bill to be timely, the fastest way to inject money into our economy is through tax returns. We could have $936 billion into the economy by the end of the year. Taxpayers want help and they don’t want us wasting their hard-earned tax dollars on programs that won’t benefit anyone in the near future. This amendment addresses all of the nation’s leading economists who have said that any stimulus bill needs to be timely, targeted, and temporary.”
Senator Thune explained his amendment on the floor of the U.S. Senate today. Video of his floor speech can be viewed here. The Senate is expected to vote on Senator Thune’s amendment later this afternoon.
I agree 100%, but THEY aren’t representing us either!
They FAIL to act in our best interest, Snowe, Collins and Spector NEED TO BE KICKED OUT OF THE GOP. Otherwise the GOP is NOT representing me and I am going Independent.
If THIS is the BEST that the damned GOP can do, then I am OUT.
Thank you very much. Here’s the original post:
Monday, February 02, 2009 7:31:53 AM · 25 of 43
Uncle Miltie to bestintxas
This should be the Republican bill: 1 Sentence.
“Congress hereby declares a National Dividend in lieu of Pork in the amount of $9,000 per taxpayer.”
Run that to the rooftops!
Post Reply | Private Reply | To 1 | View Replies
http://www.freerepublic.com/focus/f-chat/2176669/posts
We are in for rough times anyway.
No plan can get us out without some major pain.
But this plan would at least give people a little breathing room, time to prepare.
Collins, Snowe, and possibly if he caves, Specter OUT next election!
Taking names.
Shower more goodies, a spin on a chicken in every pot: Cadillac Hybrid Escalade and a free years worth of Seventh Generation Products for every American Family./Just Asking - seoul62.......
That would certainly continue some middle class support for the kinds of political parties and government we have. It would also give us a little more time before the big fall, but the fall would be even further. Whatever...
I like the increased new homeowner credit bump to 15000 - I wish they would do the same (albeit lower) for cars and other large durables and/or investments into retrofits to ones existing home (i.e. solar panels, etc). My biggest fear is mass unemployment. When people are unemployed it has a dramatic effect on all elements - crime, health, education, imcrease in birth rates (many not prepared for), etc.
It’s so twisted. I mean... what else is there to say. I know it’s my money, but it shouldn’t have left my hands in the first place.
Now that it has left, it is gone forever..spent,wasted, and down the rat hole. Replacing it means borrowing it from China at higher interest rates that your grandchildren will pay, or printing it, making China mad and your pension worthless.
One day we will see that you can’t fix a debt problem with more debt.
If this passes, I’m going to use mine to buy a non-crumbling bridge into the next town, since Thune’s bill strips away all the highway money. Since since the Minneapolis collapse, that bridge really worries me.
If anyone wants to pitch their tax rebate in, maybe we can build a second lane. And we can charge tolls since we can staff the booth (12-hour shifts).
Sounds reasonable.
Well, compared to the Obama Plan, anything would sound at least somewhat sensible.
They're not entertaining alternatives, such as this thread's idea. Here's another - deport illegals (unemployment would go down, no?)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.