This is completely insane. We now have two more tax cuts coming through the Senate.
How many super rich are going to gobble up houses as a result!
How many rich will buy a car?
We need income people! The layoffs are like a blizzard and the last thing working America needs are more incentives to go into more debt, more consumerism and less real production.
Her amendment would provide tax breaks to those who purchase new cars and light trucks between Nov. 12, 2008, and the end of this year that cost less than $49,500. Families earning more than $250,000 wouldn’t be eligible for the break. Mikulski estimated the amendment would save car buyers $1,500 on a $25,000 purchase.
The proposal would allow a tax credit of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break for the purchase of new homes only.
Jobs. America needs jobs. They need income, they need a revitalized manufacturing sector. When people have jobs they have money to spend.
This is just more trickle upon economics and it's pissing me off.