Quote:
Originally Posted by TheMercenary
Put the over spent money from TARP back into deficit reduction where it belongs and stop coming up with plans to tax income. It is a backhanded benefit. Small business will be hurt by any plans to raise taxes on personal income over $200k. A $5000 tax credit for one year will not offset the costs for insurance and payroll over the course of one year. But the point here Obama is trying to sell this Capital Gains reduction as some grand handout to small business and it is total bullshit.
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So your only plan is to let the tax cuts to the top bracket extend beyond the original expiration date in the law (the end of 2010)...How did those 01 and 03 tax cuts (at a cost of over $1 trillion) help the economy?
And to put the TARP funds to deficit reduction rather than job creation....how does that create jobs?