Tax cuts are coming by April 1, according to Barack Obama. Let’s get this straight, Cut Taxes To Spur Growth.
Isn’t it great to see the new administration taking up the Republican stance on so many causes? The liberals must be freaking out.
Of course we conservatives know the Obama clan will come out swinging with a bunch of socialist garbage soon enough.
Now just be sure to head off to McDonald’s with your $13 a week!
The notoriously slow Congress passed the $787 billion economic stimulus package in a matter of weeks. President 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.
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.
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.
I just love that last part. The liberals can’t control themselves. When Reagan cut taxes, revenue to the government more than doubled, but as soon as the liberals got control of Congress they spent, spent, spent.