Monday, February 16, 2009

The Obama Free Money Giveaway

I noticed this little paragraph in a write-up about the stimulus plan.

The $1,000 child tax credit would be extended to more low-income families that don't make enough money to pay income taxes, and poor families with three or more children will get an expanded Earned Income Tax Credit.
That’s great.
And according to this, middle-class America gets to pick the tab up on that, too.
Millions of workers can expect to see about $13 extra in their weekly paychecks, starting around June, from a new $400 tax credit to be doled out through the rest of the year. Couples would get up to $800. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.
This makes absolutely no sense. Obama wants to start his pet “middle class task force,” but can only give us a big enough tax cut for less than $10 a week. I’m not even going to see that. But if I wanted to go to work at McDonald’s part-time, I would at least get an extra grand. Maybe more since I have two kids.

If the middle class is the backbone of the economy, doesn’t it make more sense to give us a bigger tax cut than the poor? According to the article, the $1,000 tax cut is going to people who don’t even qualify to pay taxes in the first place. Basically, they are getting another government handout.

I can’t even apologize for sounding mad this time. To give someone who is making about $12,000 a year and extra grand is not going to stimulate anything. They aren’t going to qualify for a car, or a mortgage.

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