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Mercnbeth -> RE: New Romney ad,boy he`s pretty (1/24/2008 4:10:51 PM)
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quote:
ORIGINAL: Owner59
I think at this point,we all no that tax cuts didn`t do shit for the economy,and most of that money(that rich people got) went off-shore or into over-seas investments,and not into America.
Owner,
I guess Speaker Nancy Pelosi would disagree. She just passed with great pride and received bi-partisan support for an economic stimulus package that included $50 Billion in business tax cuts. Paid for, at least in part it seems by the quote below, by removing the provision for increasing food stamps and unemployment benefits.
You're not considering breaking with the Democratic Party line in support of this Corporate Tax cut, economic stimulus program are you?
quote:
...the package also includes close to $50 billion in business tax cuts.
The principal players in pulling the deal together were Pelosi, House Republican leader John Boehner and Paulson. The package would allow businesses to immediately write off 50 percent of purchases of plants and other capital equipment and permit small businesses to write off additional purchases of equipment. A GOP-written provision to allow businesses suffering losses now to reclaim taxes previously paid was dropped. Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining the rebates of at least $300 for almost everyone earning a paycheck, including those who make too little to pay income taxes.
Source: http://www.breitbart.com/article.php?id=D8UCFD1O0&show_article=1
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