Tea Bag This: Historic Working Families Tax Cuts Take Effect TODAY
OPS_admin | Apr 15, 2009 | Comments 0
Tea Bag This: Historic Working Families Tax Cuts Take Effect
The size and scope of new tax breaks for working families implemented as part of President Obama’s economic stimulus package are historic. According to data released by the White House today, 95 percent of working families will see a reduction in their tax by $400 for individuals and $800 for households beginning this year.
Many millions more Americans will see additional credits and breaks for everything from purchasing new cars and homes, to child care and college tuition expenses, and for losses and depreciation for small businesses hurting during this recession.
For 2009, a typical family with three children and an annual income of $30,000 would keep as much as $2,172 as part of the president’s tax cut plan. In addition to keeping the $800 for the working families tax cut, known as the Making Work Pay Credit, this family could benefit from new credits for child care expense and a rise in the Earned Income Tax Credit.
A married couple earning a combined $90,000 with one child in college, would save about $1,500 in 2009 through the Making Work Pay Credit and new credits for college tuition expense, according to White House budget office estimates.
via Political Affairs Magazine – Tea Bag This: Historic Working Families Tax Cuts Take Effect.
Filed Under: Economy - Labor
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
