Bravo, Candice Miller.

[floridafam]

We were excited to learn that the stimulus was to include tax credits for purchasing a new vehicle. Well, most of that was cut in the Senate.

I think Rep. Candice Miller's comments were right on. She just spoke and it was carried on the networks.

I just don't get it. Why is this thing going to go through?

 

[SwedishMeatball]

Hush now. Your government knows best and will take good care of you. Run along and play and don't let these thoughts trouble your mind.

 

[FINFAN]

yep...kudos to B.O.( per Nancy Pelosi) for being the first Pres to pass such a bill in just 3 short weeks! Yippee...sold out a nation in record time! well. lots of damage control to do ahead, so hope all rest up for it and work together.

 

[okeydokey]

I believe the vehicle credit was an incentive to people to go ahead and buy a new car to stimulate the auto industry and put people to work?

 

[AlexTina]

I believe the vehicle credit was an incentive to people to go ahead and buy a new car to stimulate the auto industry and put people to work?

Yes, but it was removed from the package.

Hope and change, hope and change. Just keep repeating and you'll feel better in the morning .

 

[Mr Man]

We were excited to learn that the stimulus was to include tax credits for purchasing a new vehicle. Well, most of that was cut in the Senate.

I think Rep. Candice Miller's comments were right on. She just spoke and it was carried on the networks.

I just don't get it. Why is this thing going to go through?

Two Words


"They. Won." no further explanation is required, nor is any reasonable explanation being offered. This bill was back-doored through Congress and it has Lobbyist drool all over it.

This bill is a rope that is draped loosely around Democrat necks........and it will be tightened as time goes on. The Obama administration will regret their association with this bill. Not as much as us lowly taxpayers, of course.

This administration is only three weeks into their term and they have managed to flub everything. single. thing. they. have. touched.

This is a new record.....of lows.

Please refer to

Hope/Change aka "The Theory and Practice of Oligarchal Collectivism" - by Emmanuel Goldstein (or. not.)

 

[Christine]

Yes, but it was removed from the package.

Hope and change, hope and change. Just keep repeating and you'll feel better in the morning .

I had read somewhere that things like a new car tax cut as well as the home buyer credit would not really stimulate the economy. That people who were going to buy these things in the next year, would be doing so anyway without the tax credit. I'm not necessarily agreeing with this as I don't know the first thing about economics; however, I am wondering if that was the justification for leaving it out?

Sure, it is a great windfall if you were already planning to buy a car but, I don't know, if I was hurting for cash or lost my job, it wouldn't make me go out and buy the car.

 

[AlexTina]

I had read somewhere that things like a new car tax cut as well as the home buyer credit would not really stimulate the economy. That people who were going to buy these things in the next year, would be doing so anyway without the tax credit. I'm not necessarily agreeing with this as I don't know the first thing about economics; however, I am wondering if that was the justification for leaving it out?

Sure, it is a great windfall if you were already planning to buy a car but, I don't know, if I was hurting for cash or lost my job, it wouldn't make me go out and buy the car.

I don't really think there is much of anything in there that will stimulate the economy. Maybe the infrastructure for a short time but once the roads and bridges are built/fixed then the jobs are gone again. There won't be any permanent jobs created by this bill. Obama spoke in front of the Caterpillar headquarters the other day and proclaimed that as soon as the stimulus was passed that Caterpillar among other companies would be able to rehire many of the employees who recently lost their jobs. After Obama spoke the CEO of Caterpillar was asked to confirm that they would be rehiring those workers. He stated loud and clear that unfortunately there will be many more lay offs to come whether the stimulus passed or not and it will be a long time before they begin hiring.

 

[need_a_Disney_fix]

The country needs to shut up, grab your ankles and take it. We have no clue how to take care of ourselves and thank god for THEM.

 

[daisax]

Well, count me as someone who was on the fence about getting a new car this year -- that deduction was going to push me towards getting one. This weekend, in fact. Now without that incentive I may keep this one longer, even though I'm slightly uneasy about its reliability, and if I drive it one more year its trade in value will be waaaay lower than if I do it now.

 

[Hoodie]

I had read somewhere that things like a new car tax cut as well as the home buyer credit would not really stimulate the economy. That people who were going to buy these things in the next year, would be doing so anyway without the tax credit. I'm not necessarily agreeing with this as I don't know the first thing about economics; however, I am wondering if that was the justification for leaving it out?

Sure, it is a great windfall if you were already planning to buy a car but, I don't know, if I was hurting for cash or lost my job, it wouldn't make me go out and buy the car.

Here's where it would work:

My husband and I are actually in the market for a new car. Up to this point we have been looking for a car that was a couple of years old and had low mileage. ie. a used, new-to-us car. It would help the car salesman, but no one else.

When the new car incentive was in the original package, it made us look at new cars. Really new cars, not just new-to-us cars. Purchasing a new car would stimulate the economy and trickle back to the manufacturer and can create multiple jobs, if there are lots of people in our situation.

Now that the incentive is gone, we're back to looking at new-to-us cars. Little to no effect on the overall economy, but better for our pocketbooks!

 

[OctMtnWoods]

I was excited about the up to $15,000 tax credit for buying a home in 2009 so we could buy a larger place. Hoped it would get the market moving again & we would move this year instead of maybe in a year or two. NOPE. That's been cut also. Housing market probably won't budge this year since $13/wk really isn't going to help buy a house. Just not excited about listing our place if its going to sit on the market for 6 months to a year. Our place is paid off.

We were thinking of a new car too, but I guess we'll hang on to what we have & just keep fixing it since gas prices have come down. Our cars are paid for too.

We don't seem to fit into ANY of the tax credits except for the $13/wk paycheck credit. I guess we'll keep working, paying taxes, and saving our money since I don't see things getting better any time soon. We were willing to spend to help get things moving, but we are already doing our share by paying taxes. They just want to be in control of our money anyway by taking it & redistrubuting it.

I HOPE they know what they are doing. See, I'm coming around. I'm starting to have HOPE, probably not the kind he wanted though.

Yes, he won alright. And some of us sure lost out!

 

[DisneyMomOK]

I had read somewhere that things like a new car tax cut as well as the home buyer credit would not really stimulate the economy. That people who were going to buy these things in the next year, would be doing so anyway without the tax credit. I'm not necessarily agreeing with this as I don't know the first thing about economics; however, I am wondering if that was the justification for leaving it out?

Sure, it is a great windfall if you were already planning to buy a car but, I don't know, if I was hurting for cash or lost my job, it wouldn't make me go out and buy the car.

The reason for the home credit was because in 1975 (new home purchases, $2000 tax credit) it WORKED! No pie-in-the-sky, maybe it will, maybe it won't, let's save the Harvest Mouse, mumbo jumbo: actual historical data that the credit works. People buy houses: realtors, builders, mortgage brokers, home supply stores, etc. etc. are winners. Individuals get 2008 taxes they paid in returned (through amended returns) and have more in their pocket, up to the credit limit. Same with the cars: that credit for sales tax and interest benefits transfers to the folks that make and sell the cars, plus all the companion businesses. Unfortunately, these were credits proposed by Republicans and Pelosi would rather eat her favorite Harvest Mouse than let a Republican tax credit see light. I would suggest everyone that sees the hypocrisy of this contact her office, but Nancy is currently visiting Rome, on our tax dollars. God forbid we would interrupt her vacation!

PSA: Don't argue the mouse is not in the final bill. It is in the additional appropriations for her district for EPA (Harvest Mouse is on the top of the list.)