Originally Posted by AustinRanter
Originally Posted by olyve
Quote
# Tax credit of up to $400 for individuals, $800 for couples for 2009 and 2010. Figure your individual credit by taking 6.2% of your earned income. Note that your employer can adjust your withholdings so that the credit is returned to you over the year instead of all at once. The Associated Press says most people will see this in the form of a $13 bump in weekly paychecks starting in June, and dropping to about $7.70 a week for the duration of 2010.
# The $1000 child tax credit will be extended to more families, and if you're a poor family with three or more kids, you'll get an expanded Earned Income Tax Credit.
# No tax on the first $2400 of unemployment you receive in 2009.
# The government will subsidize up to 65% of your premium for Cobra coverage if you lost your job after Sep 1st, 2008. If you declined Cobra, you'll have 60 days to reconsider.
# $87 billion is going to help states administer Medicaid, which the AP notes "could slow or reverse some of the steps states have taken to cut the program."
what the stimulus bill has for everyday Americans

My daughter sent us this article. Thought it might be of interest to you.

Olyve...doesn't look like anybody needs to plan any trips to Vegas to celebrate their new wealth created out the tax breaks. $13 won't pay for the shuttle from the Airport to the Strip.

Woe is us!
Yes I know but the only way he could get anything passed was to get Arlen Specter, Olympia Snow and Susan Collins on board. This is their bill.
At least it's something. Time will tell if it's big enough. At least it get some money in the hands of people who really need it and will spend it this time and it might get us a new bridge or two at least.


"Life is not about waiting for the storms to pass...it's about learning how to dance in the rain."