Posts tagged as:

economic stimulus

National Retail Federation Asks Obama to Overstep His Boundaries

29 December 2008

I don’t get folks some times. All you hear anymore is how we don’t want more government… And then the National Retail Federation, which claims to be the world’s largest retail organization, goes and asks for more government. Let me back up. The NRF has asked President Elect Barack Obama to include a national sales [...]

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CNN Readers Want More Stimulus Checks

11 December 2008

CNN readers seem to think that Obama should focus dollars on more stimulus checks instead of infrastructure. Check out these recent poll results (as of 12/11/08 11:06am): Of course, my money’s on infrastructure improvements a la FDR. My best guess is that Obama’s team will advise that the job market – not the consumer market [...]

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Obama Promises Stimulus Package – But No Word on Second Stimulus Check

24 November 2008

President Elect Barack Obama has promised that he will do “whatever it takes” to stimulate the economy. While he hasn’t laid out the entire plan, Obama has put an economic team in place to begin work on a stimulus package. Calling the potential package “costly” (imagine that!), Obama refused to put a price tag on [...]

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Stimulus Package Is Not the Same as Stimulus Check

9 November 2008

If you watched President Elect Obama’s first press conference, you might have heard him say: The one thing I can say with certainty is that we are going to need to see a stimulus package passed either before or after inauguration. For some, that translated to: another check is on the way. Not so fast. [...]

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Fix the Tax Code Friday: Second Economic Stimulus Package

24 October 2008

It’s Fix the Tax Code Friday! As the economy continues to sour, Congress and the White House both agree that some measure of economic stimulus is needed. The problem? They can’t agree on what would work best. So, I’m taking it to you, the taxpayers… Which of the following scenarios currently being contemplated by Congress [...]

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Bush May Be Warming to the Idea of a Second Stimulus Package

20 October 2008

Even though many politicians – including President Bush – are still reticent to use the “R” word (recession), economic pundits, including those in the Bush administration are using it. Ed Lazear, President Bush’s chief economic adviser, has been quoted as saying that “parts of the country” are in a recession. With the threat (or reality, [...]

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Pelosi Confirms Tax Rebates “Unlikely” Before New Year

18 October 2008

In a move that should surprise very few, House Speaker Nancy Pelosi confirmed yesterday that Congress is “unlikely” to approve an economic stimulus package that included tax rebate checks during this calendar year. The Democrats are, however, still pressing for approval on their $61 billion “economic stimulus package” which includes relief for the jobless and [...]

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IRS Changes Gears on Rebate Checks

14 October 2008

If you’re one of many – and by many, I mean a quarter million – couples who did not received a rebate check due to an error matching your spouse’s married name and Social Security number, I’ve got good news! The IRS has changed its position on this issue. Last month, the IRS was adamant [...]

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GOP Counters Democrats’ Proposed Second Stimulus Package

13 October 2008

Earlier today, the GOP indicated that they are not on board with the Democrats’ proposal for a second economic stimulus package. There’s no surprise there. Rep. John Boehner (R-OH), the top ranking Republican in the House, wrote a letter to Rep. Nancy Pelosi (D-CA) calling the proposal: an irresponsible, business-as-usual approach that has earned this [...]

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Ask the taxgirl: Stimulus Checks and 2008 Returns

13 October 2008

Taxpayer asks: I was told by “somebody” that the stimulus checks we received will be deducted from our tax refunds for 2008? Is that true? Taxgirl says: Nope. The tax rebates are not taxable and will not be credited against your 2008 return – unlike the 2001 rebates which were credited against the 2002 returns. [...]

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