Obama’s “American Recovery and Reinvestment Bill”
Just in the last few days, House Democrats have been hashing out a bill that is being called the “American Recovery and Reinvestment Bill” to hopefully stop the bleeding of our economy. This $825 billion bill is actually two bills in one. There will be $550 billion in spending that will be handled by the House Appropriations Committee, but the remaining $275 billion will be used for tax breaks. That’s right! The second half of this bill is said to include some tax breaks for businesses known as a “carryback” but the majority is going to the “Make Work Pay...
read moreNew President…New Tax Plan? What Obama can do for you
We all cheered and clapped in Grant Park when Barack Obama was elected our 44th President of the United States. Staring at the Jumbotron, we knew a new America was coming. Even now, as the President-Elect, Obama’s team is talking tax reform. They want to boost the middle and lower classes, which could mean more money in your pocket. Especially in this time with our economy in a rocky state, Obama wants to light a fire under congress to distribute another round of stimulus checks to those who need it most. Yes, it’s true that he wants to get the funding for this from the wealthier...
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