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Posts Tagged ‘Obama stimulus tax cuts’

That’s right, buried underneath the chorus of “Pork Bill” and “we never read it!” (despite the fact anyone could see the major features online and it was essentially the same bill they voted down the week before) the stimulus bill has $282 billion dollars in tax cuts. And they go to middle class and small business where they might actual do some good.

The plan includes a $400 tax credit for individuals both this year and next, and $800 for families.

If you buy a new or existing home this year, you’d get an $8,000 tax credit. And if you buy a new car, you’d get to write off the sales tax.

references:
http://www.usnews.com/blogs/robert-schlesinger/2009/02/12/is-obama-stimulus-plan-also-the-biggest-tax-cut-ever.html

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