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19 Oct 2010 23:53

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U.S.: Obama’s tax cuts: Stealthy and unnoticed by most Americans

  • 95% the percentage of people who got an Obama tax cut
  • $400 the size of the maximum tax cut for individuals ($800 for couples)
  • 1:10 the ratio of people that realized they were actually getting a tax cut
  • 8:10 the ratio who thought their taxes went up or stayed the same source
  • » Why nobody noticed: Well, Obama’s method for doling out the tax cuts was a little weird. Most people expect tax cuts on the back end, in the form of giant refund checks. Obama, on the other hand, put the cuts (as part of his $787 billion stimulus plan) directly in paychecks, to be distributed slowly, week to week. In a way, it’s brilliant because nobody thinks about a couple extra bucks in their paycheck and will spend the money like nothing ever happened. But in another way, it means the effects of the stimulus went unnoticed by millions of people. Hmm. For point of comparison, most people are well-aware of Bush’s tax cuts.
Posted by Ernie Smith • 0 Comments • Permalink

23 Sep 2010 16:36

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Politics: Shocker: Democrats play it cautiously, blow golden opportunity

  • NO! Dems won’t vote on tax cuts prior to the midterms source
  • » Snatching defeat from the jaws of victory, top Democrats have inexplicably decided not to vote on the Bush tax cuts before the midterm elections. Doing so would have been a sure-fire win, as it would have a) ended the Bush tax cuts, b) fired up the progressive base, and either c) extended the middle-class tax cuts, or d) forced Republicans to vote against extending the middle-class tax cuts. Those are all good things for the Democrats, yet true to their party’s name, they’ve decided to play it safe, and put the whole thing off until after the election. It’s almost as if they want to lose the House.
Posted by Seth Millstein • 1 Comment • Permalink

12 Sep 2010 10:00

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Politics: John Boehner sounds downright reasonable on tax cuts

  • If the only option I have is to vote for those at 250 and below, of course I’m going to do that. But I’m going to do everything I can to fight to make sure that we extend the current tax rates for all Americans.
  • House Minority Leader John Boehner • Revealing his willingness to accept only an extension of the Bush-era tax cuts for the middle class. Obama made waves last week by saying he didn’t want to extend them for the wealthy. Now Boehner says that’s undesirable but something he can live with. That’s surprising. source
Posted by Ernie Smith • 0 Comments • Permalink

07 Sep 2010 21:11

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Politics: Does Obama want to give the wealthy Bush-era tax cuts?

  • NO but that may not matter ’cause he’s dipping in the polls source
Posted by Ernie Smith • 0 Comments • Permalink

13 Apr 2010 11:17

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U.S.: Rich folks in Texas, Virginia got a little lovin’ from Obama’s tax cuts

  • $1,595 amount the richest
    1 percent of Virginians got refunded from Obama’s tax cuts in 2009
  • $1,534 amount the richest
    1 percent in Texas got due to the economic stimulus plan
  • $1,158 amount the richest
    1 percent got on average across the country
    (that’s rich) source
Posted by Ernie Smith • 0 Comments • Permalink

06 Oct 2009 09:40

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World: Conservatives in the U.K. want everyone to “feel the pain”

  • £7 billion in budget cuts by cutting from just about everyone big time source
Posted by Ernie Smith • 0 Comments • Permalink

18 Jan 2009 10:30

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U.S.: Add tax cuts and we’ll love your plan even more, Obama

  • 58% public support for Obama’s economic stimulus plan, according to a new CNN survey
  • 71% public support for the same plan – if tax cuts for individuals and businesses are added source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Jan 2009 23:23

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U.S.: Barack is open to Republicans’ fiscal ideas, by the way

  • The monopoly on good ideas does not belong to a single party. If it’s a good idea, we will consider it.
  • Barack Obama • during a closed-door meeting with House and Senate leaders today • source
Posted by Ernie Smith • 0 Comments • Permalink

05 Jan 2009 23:21

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U.S.: The centerpiece of Obama’s economic stimulus plan

  • $300 billion in tax cuts; he may face GOP opposition
Posted by Ernie Smith • 0 Comments • Permalink
 
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