Scott Brown joins Dems and voted to end debate on jobs bill

[werepossum]

So I was right, you simply don't consider them tax cuts. Why don't you just come out and say that?

http://online.wsj.com/public/resources/documents/STIMULUS_FINAL_0217.html

The EITC was $4.6 billion of that $288 billion, which is about...1.6% of the total.

$116 billion was a reduction in payroll taxes. 70 billion to prevent the AMT from affecting a bunch of people. $7 billion dollars tax credit for first time home buyer (which would offset taxes paid for the new home). Sales tax deduction for new car buyers.

You may not agree with the last EITC and tax credit/deductions, but I fail to see how the $180 billion reduction in payroll taxes or preventing people from having to pay the AMT can be called anything but a tax cut. Is it because it isn't permanent? if that's the case, were the $70 billion in cuts that were not included in this jobs bill permanent? If not, what the hell is the difference?

I forgot the payroll tax reduction, that and the AMT are legitimate tax cuts in my opinion - not as good as a permanent cut, but good as a stimulus. For the other, I don't think government has any business dictating specific behaviors through carrots and sticks, but I suppose they are okay as a stimulus.

 

[Doc Savage Fan]

I forgot the payroll tax reduction, that and the AMT are legitimate tax cuts in my opinion - not as good as a permanent cut, but good as a stimulus. For the other, I don't think government has any business dictating specific behaviors through carrots and sticks, but I suppose they are okay as a stimulus.

AMT needs to be fixed and neither party has the balls to do it.

 

[werepossum]

AMT needs to be fixed and neither party has the balls to do it.

AMT became largely redundant in the 80s when so many deductions were removed. It's a solution to a problem that no longer exists. But any attempt to remove it will be met with screams of "giveaways to the rich!" by the Marxists.