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Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?

 
Woman On The Edge (OP)

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01/28/2009 09:00 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!
 Quoting: PatrikC325


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]
"Courage & knowledge always triumph over fear & ignorance"


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Woman On The Edge (OP)

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01/28/2009 09:03 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Jon Stewart (The Daily Show) was talking to Gwen Ifil. He suggested the gov give the taxpayers the money (versus the financial institutions) and that money is earmarked for people to pay mortgages and debts -- that way people pay off debt and the banks get the money. I like that idea. Economically, it doesn't create new spending per se, but if people are caught up, they may have more income to "new" spend to stimulate the economy. The idea of "bailing out the banks" doesn't help the average person, just the investors if they don't offer credit -- which they are not.
 Quoting: Anonymous Coward 478606



I don't agree AT ALL with bailing out the banks. We (USA) are in a bad spot, but it just doesn't seem like anyone in DC is using 'common sense' to help get out of this mess.
"Courage & knowledge always triumph over fear & ignorance"


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1-2-Follow

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01/28/2009 09:06 AM

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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
i still say just eliminate the fucking income tax, if even for a year or two. that's immediate money in people's pockets that they will spend and only the working tax payers will receive it

the government doesn't have to print up little letters to send out or anything so it doesn't cost them a thing.

apparently when they need more money they just print it now days anyway, so why do they need the income tax?
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PatrikC325

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01/28/2009 09:07 AM

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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]
 Quoting: Woman On The Edge



I support the elimination of the IRS and payroll taxes. I beleive in a consumption tax. (National Sales Tax)
Woman On The Edge (OP)

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01/28/2009 09:09 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]



I support the elimination of the IRS and payroll taxes. I beleive in a consumption tax. (National Sales Tax)
 Quoting: PatrikC325


Is the Consumption tax the same as a Flat Tax?
"Courage & knowledge always triumph over fear & ignorance"


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Anonymous Coward
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01/28/2009 09:11 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Just what would this do for the economy?

How would YOU spend your $9,000.00?


But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it.


 Quoting: Woman On The Edge


savings...now there's a novel, idea....I know what I would do with mine, get a 10 ounce gold bar...gold, gold, GOLD!!!!!
Brwnstown

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01/28/2009 09:13 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Just what would this do for the economy?

How would YOU spend your $9,000.00?

[link to www.freerepublic.com]

[GOP Congressman]Broun: Stimulus package more effective as taxpayer rebates ($9K per taxpayer)
The Athens Banner-Herald ^ | January 27, 2009 | Blake Aued

Posted on Tuesday, January 27, 2009 6:39:50 PM by 2ndDivisionVet

U.S. Rep. Paul Broun, R-Athens, wants to give about $9,000 to every taxpayer in the United States to stimulate the economy, he said today.

Broun has proposed spending President Barack Obama’s proposed $825 billion economic stimulus package on taxpayer rebates rather than a mix of spending and tax cuts.

“I urge President Obama and Speaker (Nancy) Pelosi to skip the pork wish list and work with my colleagues on a true economic recovery program that provides tax relief to small businesses and families and offers incentive-based relief for job creators,” Broun said in a news release.

Under Broun’s plan, every legal resident who filed a tax return in 2008 would receive a check for $8,895.75.

But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it.

Infrastructure spending, aid to states like Georgia that are facing budget crunches, and tax cuts to encourage productivity would all be more effective, said Jeff Humphreys, director of the University of Georgia’s Selig Center for Economic Growth.
 Quoting: Woman On The Edge



It is a little to late for this. If they wanted to stimulate the economy they would of done it right with
trillion dollars they used on tarp.

The Gov. would of saved a ton if they would of bailed out
working class families, ppl with incomes from 35k-85k combined. They could of paid off those mortgages and all of those ppl would of bought cars, boats and home improvement loans.

No body spends money like blue collar workers with no debt.
Of course there would of been rules, You would of had to have a home loan within your means and not living way beyond. And if you were able to make your payments on time then maybe you would of received a partial or something.

The filthy rich would of been fine just like they are now, as well as the whit collar workers making 90k and up as long as they were smart.

It would of helped a lot more then what they are doing now
and would of been cheaper as well.
Woman On The Edge (OP)

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01/28/2009 09:14 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Just what would this do for the economy?

How would YOU spend your $9,000.00?


But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it.




savings...now there's a novel, idea....I know what I would do with mine, get a 10 ounce gold bar...gold, gold, GOLD!!!!!
 Quoting: Anonymous Coward 550078



Now THAT is what I call Saving!!!
"Courage & knowledge always triumph over fear & ignorance"


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Anonymous Coward
User ID: 550078
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01/28/2009 09:14 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]



I support the elimination of the IRS and payroll taxes. I beleive in a consumption tax. (National Sales Tax)
 Quoting: PatrikC325

consumption tax all the way, I am right behind you, tough guy...this way ALL individuals pay taxes.
Woman On The Edge (OP)

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01/28/2009 09:27 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
bump
"Courage & knowledge always triumph over fear & ignorance"


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Anonymous Coward
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01/28/2009 09:38 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Just what would this do for the economy?

How would YOU spend your $9,000.00?

[link to www.freerepublic.com]

[GOP Congressman]Broun: Stimulus package more effective as taxpayer rebates ($9K per taxpayer)
The Athens Banner-Herald ^ | January 27, 2009 | Blake Aued

Posted on Tuesday, January 27, 2009 6:39:50 PM by 2ndDivisionVet

U.S. Rep. Paul Broun, R-Athens, wants to give about $9,000 to every taxpayer in the United States to stimulate the economy, he said today.

Broun has proposed spending President Barack Obama’s proposed $825 billion economic stimulus package on taxpayer rebates rather than a mix of spending and tax cuts.

“I urge President Obama and Speaker (Nancy) Pelosi to skip the pork wish list and work with my colleagues on a true economic recovery program that provides tax relief to small businesses and families and offers incentive-based relief for job creators,” Broun said in a news release.

Under Broun’s plan, every legal resident who filed a tax return in 2008 would receive a check for $8,895.75.

But one economist said stimulus checks like those Broun proposed are the worst way to bring the country out of its worst downturn in 70 years because consumers are likely to save the money rather than spend it.

Infrastructure spending, aid to states like Georgia that are facing budget crunches, and tax cuts to encourage productivity would all be more effective, said Jeff Humphreys, director of the University of Georgia’s Selig Center for Economic Growth.
 Quoting: Woman On The Edge


You cannot stimulate an economy out of this large of a bubble collapse. The only thing that can be done is to back the currency.
Little Star

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01/28/2009 09:44 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!
 Quoting: PatrikC325

There you go, one of the smartest idea's bouncing around on the net!
You got it, lower taxes and it will help the eco. big time, not just for one year, but many years.
Just by lowering taxes, it will put money in the pockets of people.
I wish the feds would get rid of the personal property tax.
Anonymous Coward
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01/28/2009 09:47 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
I would hide it under my mattress for a rainy day. How can you stimulate the economy if there are no jobs and people are out of work . They will be buying the same stuff they did before such as heat, food, utilities. Do you think they are going to go out and buy items they can do without? That isn't going to boost the economy. In my state they are going to cut the program for medicine for the elderly. Oh that's going to save a lot of money people will get sick and have to go to the hospital because they have no meds and Medicare will have to pay the hospital bill anyway.
re-conditioner
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01/28/2009 09:54 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Put the rebate on a pre-paid debit card and if they don't spend it in 60 days it goes back into the goverment coffers.
 Quoting: Anonymous Coward 602670


Brewsters millions of them.
Anonymous Coward
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01/28/2009 10:28 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
It means in a few years WE will be taxed beyond our capacity to repay. It will go on for years...
 Quoting: Anonymous Coward 368888


Aren't we already and hasn't it been? We're up to something like $14T in the hole. $9T was spent prior to Oct. '08 and then $5T was tacked on with all this bailout/nationalization stuff. The roof is on fire.
Anonymous Coward
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01/28/2009 10:38 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
It is a little to late for this. If they wanted to stimulate the economy they would of done it right with
trillion dollars they used on tarp.

The Gov. would of saved a ton if they would of bailed out
working class families, ppl with incomes from 35k-85k combined. They could of paid off those mortgages and all of those ppl would of bought cars, boats and home improvement loans.

No body spends money like blue collar workers with no debt.
Of course there would of been rules, You would of had to have a home loan within your means and not living way beyond. And if you were able to make your payments on time then maybe you would of received a partial or something.

The filthy rich would of been fine just like they are now, as well as the whit collar workers making 90k and up as long as they were smart.

It would of helped a lot more then what they are doing now
and would of been cheaper as well.
 Quoting: Brwnstown




Brwnstown,
I hate to be the grammer police I really do, but please say "would have" not "would of". I like your idea, but it was uncomfortable for me to read.
D SMith
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01/28/2009 10:44 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
I think putting the money in the hands of the people who would spend it is a great idea. The poor and the middle class (the bulk of America) would spend it why, because they have to, they need to, and they would create empty shelves and empty car lots that would need to be filled.

Will it happen NO, Is this Congressman just 'grand standing' because he knows it will not happen Yes.
Anonymous Coward
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01/28/2009 10:47 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
8k would get me out of debt completely and then I could spend more long term...

I'm hate both parties but this proposal would help me out on a personal level more than anything as this would give me about 7000 extra a month to invest/save/use.

Sad situation our leadership has created for us...too bad their not affected b/c they bailout their investment firms like AIG that they use.
Anonymous Coward
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01/28/2009 10:50 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
I am not sure how many of us are actually in a position to "save it" I for one would spend it immediately, paying off some debt and setting aside 5 months of mortgage payments with predated checks ready to mail.
Anonymous Coward
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01/28/2009 10:52 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Speaking for myself and living well below the gov't's poverty line perameters, I would put $15,000 or $10,000 or even $5,000 immediately into the economy.
I did not receive the Bush rebate last year and again, if I had, I would have immediately gone out into the market and spent it.
I think the American people are slowly, ever so slowly, catching onto how the gov't really works. All smoke and mirrors. No better example was the bank bail-out and the auto industry bail-out (and there will be more in this ultimate "good ol' boys club"). People, this is how Corporate Fascism works. The connection and inter-action between the gov't and the corporate world is seemless. They look out for each other and certainly not the ordinary man and woman in this society.
My favorite scam is how the government gives the bogus "tax breaks". That is pure fluff, just like all of our supposed leaders.
PatrikC325

User ID: 587344
United States
01/28/2009 11:33 AM

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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]



I support the elimination of the IRS and payroll taxes. I beleive in a consumption tax. (National Sales Tax)


Is the Consumption tax the same as a Flat Tax?
 Quoting: Woman On The Edge


It adds up to about the same numbers but it is more inline with VAT taxes. I think it would be much farer. You get taxed on your buying (consuming) and not your labor (payroll).
PatrikC325

User ID: 587344
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01/28/2009 11:33 AM

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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
Eliminate Capital Gains Tax for 6 months and the economy will soar. Lower the rate business tax to be more competitive currently at 39% which is the 2nd highest in the world. Drop it to 29% and what the jobs soar!


Also, what do you think of the Fair Tax Proposal? Have you heard of this?

[link to www.fairtax.org]



I support the elimination of the IRS and payroll taxes. I beleive in a consumption tax. (National Sales Tax)


Is the Consumption tax the same as a Flat Tax?
 Quoting: Woman On The Edge


It adds up to about the same numbers but it is more inline with VAT taxes. I think it would be much farer. You get taxed on your buying (consuming) and not your labor (payroll).
Woman On The Edge (OP)

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01/29/2009 07:52 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
bump
"Courage & knowledge always triumph over fear & ignorance"


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fnord
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01/29/2009 08:00 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
The economy does not run on money. It runs on ideas, inspiration, hard work, risk taking, responsibility, and love.

No amount of give-away money will increase those things mentioned above which are in short supply.
Anonymous Coward
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01/29/2009 08:20 AM
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Re: Ga Congressman Proposes $9,000 Rebate to Each Tax Payer vs Stimulus Package: What would this do for the economy?
If they issued a credit card with $10,000, it could have an expiration date on it. Spend it or lose it. EVERYONE would spend it!

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