Posted by: The Dauntless Conservative | October 13, 2010

obama stimulus has no tax cuts


Democrats, liberals claim the American Recovery and Reinvestment Act of 2009 has tax cuts. Really? Tax credits and tax cuts are two entirely different things. Here is a summary of the act from the IRS:

http://www.irs.gov/newsroom/article/0,,id=204335,00.html?portlet=6

Information for Individuals

Can you benefit from Recovery Act tax credits? Try the White House Tax Savings Tool to find out.

Many of the Recovery Act provisions are geared toward individuals:

Information for Businesses

The following Recovery Act provisions affect businesses:

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Responses

  1. Actually, that stimulous plan was put into place by pres. Bush, not Obama.

    • Put into place by Bush? You are confused little grasshopper. Get you facts straight:
      http://www.gpo.gov/fdsys/pkg/PLAW-111publ5/content-detail.html
      Even wikipedia gets it right and you, little Tommy, can’t

      The House version of the bill, H.R. 1, was introduced on January 26, 2009.[2] It was sponsored by Democrat David Obey, the House Appropriations Committee chairman, and was co-sponsored by nine other Democrats. On January 23, Speaker of the House Nancy Pelosi said that the bill was on track to be presented to President Obama for him to sign into law before February 16, 2009.[3] Although 206 amendments were scheduled for floor votes, they were combined into only 11, which enabled quicker passage of the bill.[4]

      On January 28, 2009, the House passed the bill by a 244-188 vote.[5] All but 11 Democrats voted for the bill, and 177 Republicans voted against it (two Republicans did not vote).[6]

      http://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009


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