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January 27, 2008 at 10:33:32

Headlined on 1/27/08:
Tax Stimulus Rebates To Be Withheld From Those Who Need It Most

by William Cormier     Page 1 of 1 page(s)

http://www.opednews.com


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According to an article recently published on Yahoo News from AP, the final details have been ironed-out and the legislation appears to be a sure thing. As usual, Washington made sure that those most harshly affected by the recent surge in food and fuel costs who are living on fixed-incomes via Social Security would be ineligible for any of the scheduled “rebates” that comprise the economic stimulus package. The language, even in the report from AP, is contradictory and requires more than a casual read as it jumps from one thought to another:

Rebates could be in your hands by May

By JULIE HIRSCHFELD DAVIS, Associated Press Writer

But figuring out if you qualify — and for how much — can be complicated, thanks to confusing rules designed to get the money to middle-income workers and ensure it also benefits low-income people who are most likely to spend the cash.

“Almost everyone who earns income will receive some benefit,” said Douglas W. Elmendorf, an analyst at the Brookings Institution. “The idea is to target the money on the people who will spend a large share of it, and to target it on people who are likely to be hurt by an economic downturn.”

People who do not make enough to pay taxes but had at least $3,000 in earned income would get $300. Those earning less than that would be disqualified, as would the wealthiest. Older people living solely off Social Security checks would not get the rebate. MUCH MORE

Whoa! Did I miss something? The story begins by stating that “it also benefits low-income people who are most likely to spend the cash.” It doesn’t stop there, but goes on to say: “and to target it on people who are likely to be hurt by an economic downturn.”

If it is to benefit low income people who are most likely to spend the cash, then it should be targeted on those who are likely to be hurt by an economic downturn. As we all know, those who are hit the hardest are those who exist on Social Security as their sole source of income. When food and fuel costs increase dramatically and you live on a strict budget, something has to give. It may be a medicine that won’t be purchased, or making Doctor’s visits less often, although it’s likely to equate to less food and other essentials everyone needs to survive - plus cutting down on anything that might be considered as as a luxury item, like television, phone service, basics most of America takes for advantage. It also can mean being forced out of one neighborhood to a less expensive area as the poor struggle to keep roofs over their heads. For millions, there isn’t any “wriggle room” in their budgets, so when commodities spiral out of control, the elderly and disabled are the first to suffer and the last to receive assistance. Homelessness is increasing in the United States at an alarming rate, and as usual, it’s our Vets, the mentally ill, and the aged and disabled that we find on the bottom of the financial barrel - and Washington stubbornly refuses to include those who are among the most desperate for help in their so called “economic stimulus plan.”

Why? If the plans success is the injection of funds into the economy rather than the money being saved, those who have been the hardest hit would likely be among the very first to spend the money they received, albeit on the very basics; food, gas, catching-up on bills that are slowly overtaking millions who hover on the brink of disaster - you know, the ones that truly would benefit from these funds? It’s pure and utter hypocrisy and an insult to the millions that once contributed to their retirement through endless deductions on their pay checks, and these were the people that built the infrastructure we all exit upon today, yet now that they are old and disabled, they are tossed away like yesterday’s garbage…

Since I don’t use profanity on this Blog, I’d like to wish President Bush and our Congress who graciously put his measure together a hearty greeting I’m sure most of you will grasp immediately. As it pertains to President Bush, have one of your aides draw you a picture.

All of you. GO CHENEY YOURSELVES!

William Cormier

Other Articles of interest: Dammit, Why Won’t They Just Die?

 

http://justanothercoverup.com/

I am nothing more than a patriotic American that is doing whatever I can to further the cause of democracy, the rule of law, and am absolutely outraged on how the Bush administration is defying our Congress, the Constitution, and the Bill of Rights! Footnote: I write in a style that I believe is appropriate in today's world where we can't trust the Mainstream News Media, and rather than concentrating on one article alone, which may or may not receive the exposure and emphasis it should, I prefer to meld several relevant stories together, that each taken alone may not expose the entire situation, but when taken-in as a whole, tend to give the reader a better understanding of the subject. One article or story alone does not represent the "Big Picture" - but when several are effectively tied-together it often reveals a trend or broader view of the subject matter that is important to completely understand any given situation. http://justanothercoverup.com/

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9 comments

retired and loving it
dave stanleyretired and loving it

America the corrupt

Black hearts that rule you America you will not rid yourselves of them

only a Bastille day will do that for you 

by dave stanley (5 articles, 1 quicklinks, 7 diaries, 286 comments) on Sunday, January 27, 2008 at 1:56:48 PM
 


I am a simple man of eclectic interests and tastes with no particular academic credentials. I still perceive, think, read and write somewhat. Writing music is a hobby of mine

banned for abusive email to an editor

"Hoss" David P.I am a simple man of eclectic interests and tastes with no particular academic credentials. I still perceive, think, read and write somewhat. Writing music is a hobby of mine

banned for abusive email to an editor

Earned Income Credit (EIC)

Most people who make under 10,000$ or so a year get what is called EIC. Those that receive this EIC are also ineligible for this rebate.

The fact that the Democrats are grand standing about the 3000$ income is a little disingenous to say the least.  But that's why we love politicians. No?

The rich will end up with all of this rebate anyway, as people spend it for Energy, Rents, Housing or whatever. But that's how it is with Welfare in general. Business can't make a profit without paying customers.

The fact the ederly are left out, I'm just scratching my head on that one. It doesn't even make "political" sense.

by "Hoss" David P. (51 articles, 5 quicklinks, 14 diaries, 339 comments) on Sunday, January 27, 2008 at 2:55:00 PM
 


Jim Freeman's op-ed pieces and commentaries have appeared in The New York Times, Chicago Tribune, International Herald-Tribune, CNN, The New York Review, The Jon Stewart Daily Show and a number of magazines.
Jim FreemanJim Freeman's op-ed pieces and commentaries have appeared in The New York Times, Chicago Tribune, International Herald-Tribune, CNN, The New York Review, The Jon Stewart Daily Show and a number of magazines.

No one understands

what a costly thing it is to be poor, except the poor. They pay the most as a percentage of their income for rents, for food, for transportation. They would pay the most for health care as well, but they can't afford health care. So their teeth rot, their children are perniciously sickly, they are disproportionately cold, ill fed and badly dressed.

But the 'stimulus' will go to those 'who know how to use it.'

Thanks to Harry and Nancy. 

by Jim Freeman (108 articles, 40 quicklinks, 160 diaries, 328 comments) on Sunday, January 27, 2008 at 4:28:53 PM
 


Barbara H. Peterson is retired from the California Department of Corrections, where she worked as a Correctional Officer at Folsom Prison. She was one of the first females to work at the facility in this classification. After retirement, she went to college online to obtain a Bachelor's degree in Business, and graduated with honors.

The most valuable thing she received from her time with UOP was a realization that her life's passion is writing. Now her business degree sits in her d...

to see more of bio, click on member name

Barbara PetersonBarbara H. Peterson is retired from the California Department of Corrections, where she worked as a Correctional Officer at Folsom Prison. She was one of the first females to work at the facility in this classification. After retirement, she went to college online to obtain a Bachelor's degree in Business, and graduated with honors.

The most valuable thing she received from her time with UOP was a realization that her life's passion is writing. Now her business degree sits in her d...

to see more of bio, click on member name

So true

Some examples:

When you do not have the money to service your vehicle, you simply don't. This leads to expensive repairs down the road, which cannot be done, but you have no choice. Your boots have holes in the soles because you cannot afford new shoes. You tell your friends that they are your favorite boots, and that is why you wear them all the time. Your refrigerator is bare because you opted to pay the electricity, so you lose weight. Your friends compliment you on how good you look, and ask what diet you are on. You just smile and thank them for the compliment. And the list goes on. People who have not gone through this have no clue.

by Barbara Peterson (46 articles, 80 quicklinks, 3 diaries, 416 comments) on Sunday, January 27, 2008 at 6:51:55 PM
 


DAV, trying to remain vigilent on my/your office-holders.
victorasDAV, trying to remain vigilent on my/your office-holders.

stimulus package vs. tax rebate

 

the administration & the congress know their wiles,

a tax rebate was nixed because we on SSDisability generally pay an ongoing 7% tax on everything we purchase for living from our fixed income(adjusted annually)... and a 'tax rebate' check would have had to include us who pay all sorts of hidden taxes and fees from our stipend...

so instead the svengali politicians crafted this 'economic stimulus' scheme.

by victoras (0 articles, 0 quicklinks, 0 diaries, 21 comments) on Monday, January 28, 2008 at 6:16:58 AM
 


Ernest is not a professional writer. Nor well educated in political affairs. However, he has uniquely experienced life styles of those who have little.
ErnestErnest is not a professional writer. Nor well educated in political affairs. However, he has uniquely experienced life styles of those who have little.

Ernest's Stimulus Package........

for "those who need it most".................for all those who receive a rebate join me and make a pledge to share it or give it all to the poor............I promise I will......................................

by Ernest (0 articles, 0 quicklinks, 0 diaries, 130 comments) on Monday, January 28, 2008 at 7:08:42 AM
 


i am a former teacher of 30 years with a history and political science major.I started getting politically active when Ronnie Regan ended my social security hopes for teahers
liberalsrocki am a former teacher of 30 years with a history and political science major.I started getting politically active when Ronnie Regan ended my social security hopes for teahers

tax rebates

the liberals view of taxes is to help those who need it most with the taxes,the conservatives view is to further help the rich who need no tax breaks.I am sure the rich will be getting most of the money as with all the tax breaks the Republicans pass and we will be getting the debt when it comes time to pay for the tax breaks either in Reagans favorite "user fees" or in higher inflation to pay back the foreign money we borrrow as Bush has been doing.Yes,i also agree strongly people on social security need it most and will spend it to pay bills which will stimulate the economy most for a few months anyway.

by liberalsrock (0 articles, 0 quicklinks, 0 diaries, 108 comments) on Monday, January 28, 2008 at 8:03:40 AM
 


I am an American male earning a living and making my voice heard.
XavierI am an American male earning a living and making my voice heard.

Tax Plan

The cost of living should not be taxed. A very simple plan would be to allow up to $30,000 for any wage earner income-tax free, and anything above that taxable. How hard is that?

by Xavier (0 articles, 0 quicklinks, 0 diaries, 2 comments) on Monday, January 28, 2008 at 1:40:17 PM
 

 

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