Obama: Tax cuts Will Be Felt By April 1

[Soul Crusher]

Well, I can explain the hardships of running a small business medical practice to anyone here with great detail.
I sacrificed so much in giving up a hospital position (I was the director of a hospital urgent care) to open this practice a bit over 2 yrs ago.  I am so much happier here but its a real struggle.  The way the nation is going, small businesses are closing everywhere because its too costly to do business.
Who rewards us for the financial sacrifices we make in creating a business and giving employees jobs...not the gov, they take double and Obama and his big gov friends want to take more because its not fair to poor people.  Poor people don't put themselves at financial risk to create businesses and give others jobs. 

I try to explain this to people and they refuse to hear it. 

I go through the same stuff and they simply brush it off since their commie college professor never told them about these issues.

The govt hates small business BTW. 

[shootfighter1]

The other thing is guys like us operate in the real world.  A lot of the far left liberals have never run a business.  They come up with ideas in the shelter of academia or politics.  Once you've struggled running a small business, you see how unfriendly the gov is toward small business.  Many people get through it by scamming a little here and there.  In a medical business, everthing is reportable so I have to play by the rules, I get the real experience and its not what these utopian professors think it is.  Principles in practice are often different than in planning.

Obama speaks of helping small businesses but its bullshit.  He refused to include payroll tax cuts in the stimulus and will be raising capital gains taxes here soon.  The only positive is he is trying to force some of the banks to loan $ again.  That mandate should have came with TARP 1.  These banks should have used all that money for loans, not mergers, buyouts and expected bonuses.

[Hedgehog]

SSSSHHHHHHHHHHHHH.  You are going to destroy the dreams and delusions of the warm hearted socialists.

"The road to Hell is paved with good intentions."   

What's wrong with discussing the pros and cons of universal healthcare?

Obviously shootfighter makes some very valid points and legit concerns IMO about that there's a risk of creating a big ineffective structure to run the universal health care.

Still doesn't make me, or anyone else who is interested in discussing this topic a "warm hearted socialist".

[Hedgehog]

The other thing is guys like us operate in the real world.  A lot of the far left liberals have never run a business.  They come up with ideas in the shelter of academia or politics.  Once you've struggled running a small business, you see how unfriendly the gov is toward small business. 

Very good point.

I think many politicians are born and bred in the political aristocracy.

Obama speaks of helping small businesses but its bullshit.  He refused to include payroll tax cuts in the stimulus and will be raising capital gains taxes here soon.  The only positive is he is trying to force some of the banks to loan $ again.  That mandate should have came with TARP 1.  These banks should have used all that money for loans, not mergers, buyouts and expected bonuses.

The government should threaten to nationalize any bank they've saved if they won't give loans to healthy businesses at 1-2 % rates.

[shootfighter1]

Some conservatives cry about oversight, but there has to be some oversight so greedy assholes don't take advantage of people.  Thats where I see the government stepping in, but not taking things over.

Yes, there should be government backed low interest rate loans being given out right now.  That was the whole point of TARP but the greedy bankers took it to cover their losses. 
Increasing loan availability, expand unemployment benefits, cut payroll taxes, cut capital gains taxes, and some increased spending on infrastructure are wise IMO.  I would not bail out every industry with taxpayor money.  Some poorly ran companies need to go through organized chapter 11.  Some people need to loose their home, particularly if they conned the system.  Some brokers should be charged criminally.  Additionally, decrease spending on overseas wars and back to paying for programs/items only if within a balanced budget.

[shootfighter1]

I am not completely against universal healthcare but I have significant concerns and I'm not sure the gov can deal with them efficiently without compromising healthcare.  I favor allowing more competition across state lines before nationalizing healthcare.

[Hedgehog]

I am not completely against universal healthcare but I have significant concerns and I'm not sure the gov can deal with them efficiently without compromising healthcare.  I favor allowing more competition across state lines before nationalizing healthcare.

The basic funding would be through taxes.
But then all the care institutions would still be competing for the patients.
I think a lot of people have this misconception that the hospitals will become nationalized.
But that's not the thing.
And the healthcare offered will probably not be more than fairly basic.

But a lot needs to be sorted out before anything like this ever can work.

Obama needs to make sure he's got the support MD's and nurses on this reform, hear them out. 

[Hereford]

The whole issue of universal healthcare is another example of the government addressing an issue by trying to out tax and outspend the proverbial black hole.

1. Health care needs to be regulated. No more $80 aspirins on an ER bill or 3K ambulance rides.
2. Health insurance is a game. A GOOD plan covers 60% AFTER the 3K deductible.
3. Uni Health to AMERICANS only. You make it available to everyone, the entire world will be sneaking in to get taken care of.
4. Provide a tax opt out for people with private plans. Oh wait... then it would all fail, just like private SS.

We'll end up just like England if it get's in on the libs terms.  We'll be paying trillions a year for abhorrant service, your local hospital will look and function like the public health clinic.

[MB_722]

ER care, which everyone is entitled to, is BTW the most expensive type of care. And with universal health care there might actually be some money saved in the end?

what is ER care like in your country? I forgot which one it is.

long wait times?

[Hedgehog]

what is ER care like in your country? I forgot which one it is.

long wait times?

Sweden.

It's pretty good quality.

But the problem with ER care is that it's the most expensive kind of health care.

So the more people that can get treatment on an earlier stage, eg treat a failing kidney through proper medication, will save tremendous amount of money on health expenses nationwide.

Not only that, the national work force will be healthier, less sick days.

But issues like excluding illegal immigrants, making it only for US citizens is a vital concern.

An even bigger concern IMO, and what shootfighter is mentioning, is that the administration of this program can't be done by some large gigantic government body.

A very slimmed down effective administration is needed, and in order to do that Obama will have to revamp the whole system.

I question if he got the cojones and/or skills to do that.

IF he pulls it off, I will stand corrected and be very impressed.

[Soul Crusher]

BUMP

[MCWAY]

BUMP

Three more months before the sodomi.....ahem....."change" begins.

[Soul Crusher]

Those opposed to the stimulus, pm me for my address so you can have your tax cut funds mailed to me each week. Thanks. -BB 


WASHINGTON – The notoriously slow Congress passed the $787 billion economic stimulus package in a matter of weeks. President Barack Obama signed it into law less than one month into his presidency.

So, just how soon will Americans start reaping the benefits of tax cuts in it?

By April 1, according to the president.

"Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans," Obama said Saturday in his weekly radio and Internet address.

He said the Treasury Department has begun directing employers to reduce the amount of taxes withheld from people's paychecks in accordance with the new law, and that in six weeks, a typical family will start taking home at least $65 more every month.

Obama says his signature "Making Work Pay" tax break will affect 95 percent of working families.

The $400 credit for individuals is to be doled out through the rest of the year. Couples are slated to get up to $800. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.

People who do not earn enough money to owe income taxes are eligible for the credit, an attempt to offset the payroll taxes they pay.

Obama's expensive and ambitious package of federal spending and tax cuts is designed to revive the economy and save or create 3.5 million or more jobs. It will inject a sudden boost of cash into transportation, education, energy and health care, while aiming to help recession victims through tax cuts, extended unemployment benefits and short-term health insurance assistance. It also will add to a rapidly growing national debt.

The president signed the measure into law Tuesday.

In his weekly address, Obama said he was grateful to Congress, governors, mayors and everyday people who supported the measure.

Still, he added: "It is only a first step on the road to economic recovery. And we cannot fail to complete the journey." He said the country also must stem foreclosures, repair the banking system, get credit flowing again and revamp financial industry regulations.

And, even as he promoted the record-breaking spending plan, he called for doing what's necessary to control "exploding" deficits as the economy begins to improve.

Obama is holding a bipartisan "fiscal responsibility summit" at the White House on Monday to talk about ways to control the trillion-dollar budget deficit. The next day, he is to address a joint session of Congress, a speech expected to focus heavily on the economy. On Thursday, Obama will send a budget request to Congress "that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline."

real big impact bro.    

[Soul Crusher]

BUMP

[Soul Crusher]

Those opposed to the stimulus, pm me for my address so you can have your tax cut funds mailed to me each week. Thanks. -BB 


WASHINGTON – The notoriously slow Congress passed the $787 billion economic stimulus package in a matter of weeks. President Barack Obama signed it into law less than one month into his presidency.

So, just how soon will Americans start reaping the benefits of tax cuts in it?

By April 1, according to the president.

"Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans," Obama said Saturday in his weekly radio and Internet address.

He said the Treasury Department has begun directing employers to reduce the amount of taxes withheld from people's paychecks in accordance with the new law, and that in six weeks, a typical family will start taking home at least $65 more every month.

Obama says his signature "Making Work Pay" tax break will affect 95 percent of working families.

The $400 credit for individuals is to be doled out through the rest of the year. Couples are slated to get up to $800. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.

People who do not earn enough money to owe income taxes are eligible for the credit, an attempt to offset the payroll taxes they pay.

Obama's expensive and ambitious package of federal spending and tax cuts is designed to revive the economy and save or create 3.5 million or more jobs. It will inject a sudden boost of cash into transportation, education, energy and health care, while aiming to help recession victims through tax cuts, extended unemployment benefits and short-term health insurance assistance. It also will add to a rapidly growing national debt.

The president signed the measure into law Tuesday.

In his weekly address, Obama said he was grateful to Congress, governors, mayors and everyday people who supported the measure.

Still, he added: "It is only a first step on the road to economic recovery. And we cannot fail to complete the journey." He said the country also must stem foreclosures, repair the banking system, get credit flowing again and revamp financial industry regulations.

And, even as he promoted the record-breaking spending plan, he called for doing what's necessary to control "exploding" deficits as the economy begins to improve.

Obama is holding a bipartisan "fiscal responsibility summit" at the White House on Monday to talk about ways to control the trillion-dollar budget deficit. The next day, he is to address a joint session of Congress, a speech expected to focus heavily on the economy. On Thursday, Obama will send a budget request to Congress "that's sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don't and restoring fiscal discipline."

If they were going to be felt by April 1 2009, why did he need to extend the bush tax cuts? 

[240 is Back]

If they were going to be felt by April 1 2009, why did he need to extend the bush tax cuts? 

cutting off the new repubs at the knees on their #1 issue was important to obama.  Now they can go back to squandering millions investigating baseball players who took 2 shots of HGh a decade ago - relevant shit!

[MB]

These tax cut numbers are a joke.  We should be cutting federal spending 50% and reduce taxes by 25%.  The best stimulus is to control spending and give people a feeling of confidence. 

[Soul Crusher]

These tax cut numbers are a joke.  We should be cutting federal spending 50% and reduce taxes by 25%.  The best stimulus is to control spending and give people a feeling of confidence. 

This was from 2009. 

ha ha ha ha.   

[tonymctones]

Well, I can explain the hardships of running a small business medical practice to anyone here with great detail.
I sacrificed so much in giving up a hospital position (I was the director of a hospital urgent care) to open this practice a bit over 2 yrs ago.  I am so much happier here but its a real struggle.  The way the nation is going, small businesses are closing everywhere because its too costly to do business.
Who rewards us for the financial sacrifices we make in creating a business and giving employees jobs...not the gov, they take double and Obama and his big gov friends want to take more because its not fair to poor people.  Poor people don't put themselves at financial risk to create businesses and give others jobs.  

LOL if you ask slapper the ppl that work for you deserve a portion of the profits your practice makes even though they have no financial risk to the success or failure of your business.

Then if you ask straw the income gap between the poor and rich should be closed by taxing you more...

some ppl man

[MB]

This was from 2009. 

ha ha ha ha.   

Oops.  Same solution applies, cut spending rather than "Making Work Pay". 

[Skip8282]

You aren't winning except in the south and the rural west, because that's all the Repubes have left. A party out of touch and on the verge of becoming irrelevant.

[dario73]

bump

[Soul Crusher]

Problem with obama, and even Bush, was that their awful monetary policy and the inflation it caused killed any benefit of the tax cuts. 

So yeah, ou paid less in taxes, but you paid more for gasoline, food, etc. 

Same with obama.    But the ignorant dopes on this site who don't even have a 1st grade education in economics are too foolish to see this. 

[Soul Crusher]

Bump.