I was reading the news this morning when I came across this little news item talking about some of Barack Obama’s campaign promises he made yesterday:
Barack Obama spoke directly to pocketbook issues in this capital city Monday, hitting Republican John McCain hard as he outlined an economic plan that would include a second stimulus check tax breaks for seniors and the middle class, and debt relief for students.
Now I’m not one to turn down a check if they’re going to be sending it my way anyway, but where exactly is this money coming from? Could it be that in addition to a second stimulus rebate check we’ll also be receiving higher taxes?
Another article in Time magazine talks further about Obama’s plans:
he and his advisers are reciting the details of his three big short-term priorities: a new $50 billion stimulus program, much of it routed into extending unemployment insurance beyond the current 26-week limit and helping struggling state governments; a more aggressive foreclosure-prevention effort, with $10 billion in funding; and a tax cut for Americans making less than $150,000 a year — to be financed with tax increases on those making more than $150,000 a year.
Personally I’d rather just see a cut in my taxes, and just keep some more of the money that I earn from the outset.
What’s your opinion of a second round of stimulus rebate checks?
4th March 2011