Monday, July 13, 2009

That's Actually A Hell Of A Point

From AmericaBlog:
Correct me if I am wrong: the vast majority of the spending measures in the stimulus have yet to occur, whereas the tax cut effects were immediate. Right? So when the Republicans are saying the stimulus has failed aren't they really saying the tax cuts have failed?
Well gosh...you know what, that makes sense to me. The only real immediate benefit from the stimulus fell into the tax cuts category.
The stimulus plan’s costliest item is a $400 payroll tax cut for individuals and $800 for couples. Retirees, disabled veterans and others who don’t pay payroll taxes will get a $250 payment. The bill also includes an alternative minimum tax cut.
How novel. Republicans in fact insisted on these tax cuts for businesses too.
Businesses won several tax breaks, including faster write- offs for equipment purchased in 2009 and incentives for companies that produce and invest in renewable resources such as solar and wind power. A business tax break pushed by the U.S. Chamber of Commerce will ease near-term tax burdens on companies and buyout firms that restructure debt without entering bankruptcy.
These tax breaks took effect immediately starting in March. By and large, they are the only part of the stimulus that did go into effect immediately.

Now the Republicans are saying that these tax breaks failed to fix the economy.

No wonder nobody is listening to them. They just proved tax breaks aren't stimulus, and all they want is more non-economy stimulating tax breaks!

Absolutely the Dems need to fight back on this...and hard. You've got your ammo, guys. Let's get to work.

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