Say tax cuts in the stimulus work, they won't, but if they are passed......

[Skink]

Wouldn't it be a whole year before they take affect?

[Bandit]

1. The tax cuts Obama ran on during his campaign

and I don't know if those in the Stimulus Bill are anywhere near the same, but the one's Obama ran on take effect immediately in that they are not taken from your paycheck. Every check you should see another ten bucks are so. It was not going to be some end of the year stimulus check..

[Coyote_Bandit]

2. Unless

you are one the millions of taxpayers who pay estimated taxes. If so, you are fucked. No stimulus for you.

[stray cat]

3. Payroll taxes could be put in place immediately - they just take out less

[RC]

4. If tax cuts worked as a stimulus, this country would not be in such dire economic distress

Increase taxes on those that can afford it. Structure things to encourage living wage jobs; in this country. Anything else is fostering business as usual. We all know how well that is working.

First step, investigate the taxes of all our congress critters and their gravy train enablers. Prison time where needed to send the message to the rest that they work for us, U.S., not the other way around. This country would be out of debt in a couple of years.

[stray cat]

5. Tax cuts have been given to the wealthiest under Bush - these are geared to low income

which will generate spending because lower incomes need the money to live on.

[TWiley]

6. Why alll the talk about tax cuts? Lets build infrastructure.

Schools, roads, bridges. These programs will put everyone back to work. The republican obsession with deregulation and tax cuts lead to this whole mess. why the hell does anyone think it will help this time?

Only one way out of a depression .... build your way out of it. FDR did that and it worked. Social welfare programs made corporations liable for the social problems they caused. Why reward them with a tax cut for exporting jobs?

[stray cat]

7. Ready made projects for key infrastructure like bridges are not readily available

Major infrastructure takes planning.

[GoesTo11]

8. How much of tax cut money will be spent?

I am not living month to month, thankfully, so I'll just save a little more in my declining 401k. I'm not going to spend a tax credit on an HDTV or a trip to Disney World. Anyone in this situation or better would do the same thing, and most people in worse shape won't get the full tax credit now. And even if I did get an HDTV, that would give Best Buy another $30 profit, employ one low-wage worker here for 1/2 hour, and then pay for the Chinese manufacturing plant that built it.

The spending on things that will directly improve our collective quality of life - fixing infrastructure, fixing national parks, improving technology, improving education, improving public health, etc. will go straight to people spending and cycling money through, and will lead to a long term better situation -- we want the stimulus quickly, but it's unrealistic to expect the benefit of the investments to be equally short term. Make good investments that involve short term spending for stimulus with long term payoffs (whose contribution to increased productivity will cover the increased debt payments the spending will result in).

[Still Sensible]

9. No, because the tax relief in the plan is not the same as

the tax cuts the Bushies crammed down our throats. This tax relief will be extra dollars in every paycheck that will be spent instantly.

[global1]

10. This Is The Time To Roll Back The Tax Cuts From The Rich.....

you should now know why they were set to expire in 2010 - an election year. Letting them expire in 2010 will just give the Repugs a platform from which they will attempt to regain ground in the house and senate. We need to roll those back now - so that they can have some effect on the economy before 2010 and give President Obama a foot up on getting us out of this crisis. I'm afraid if he waits for them to expire it will be too late for any effect on the economy and he'll lose ground.