Stimulus Bill May Have Problems Gaining Approval in the Senate

     According to some reports, passage of the President's economic stimulus bill is far from a done deal in the Senate.  Republican senators are criticizing their lack of input, excessive spending, too few tax cuts, lack of immediate spending/tax cuts, and spending projects that won't do much for job creation.

   One of the strongest criticisms of the stimulus bill, and one often ignored, relates to the tax cuts.  Democrats seem to feel the amount is adequate, while Republicans want more.  As Senator John Kyl has pointed out, the $500 tax rebate will be going to many who didn't pay the tax.  If you don't pay taxes, then how can you have your taxes cut?


http://news.yahoo.com/s/ap/20090201/ap_on_go_co/congress_stimulus

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.