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congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200/household

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BurtWorm Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:17 AM
Original message
congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200/household
Edited on Thu Jan-24-08 12:03 PM by BurtWorm
http://www.washingtonpost.com/wp-dyn/content/article/2008/01/24/AR2008012400532.html?hpid=topnews

WASHINGTON -- Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.

Congressional officials close to the negotiations said House Speaker Nancy Pelosi and Republican Leader John Boehner of Ohio reached agreement in principle in a telephone call Thursday morning.

The officials, speaking on condition of anonymity, said the two wanted key members of their parties to sign off on the accord before any announcement.

The development came as the Bush administration, which also has been pushing for a deal, said agreement seemed imminent. "Our understanding is there is no final deal yet but they are making progress," presidential spokeswoman Dana Perino said early Thursday.

Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes.
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thunder35 Donating Member (127 posts) Send PM | Profile | Ignore Thu Jan-24-08 11:26 AM
Response to Original message
1. wasn't it to be 800.00
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WinkyDink Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:28 AM
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2. This is pathetic. As if a "Christmas gift" is a solution to our Bush-destroyed economy.
And this?
Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits

Shameful.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:30 AM
Response to Reply #2
5. These morans are like a dog with a bone with these tax scams/cuts.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:29 AM
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3. And according too georgie's energy sec, this might cause oil prices to rise and hurt the economy.
Wonder how long before he is forced to say that isn't what he really meant at all.

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:30 AM
Response to Original message
4. $300?? and that's going to stimulate the economy exactly how, again?
:shrug:
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:31 AM
Response to Reply #4
6. Well Georgie's energy sec think the exact opposite might happen.
It might cause oil prices too rise and hurt the economy.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:46 AM
Response to Reply #6
8. once the oil companies realize that people still have $300 in their pockets...
of COURSE they'll raise gas prices.
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TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-24-08 11:37 AM
Response to Original message
7. Too bad they don't enact a "negative income tax" ...
... that returns a greater amount to those earning the least. But it's not about PEOPLE, it's about PROFITS ... and the lobbyists are pushing for DIRECT corporate welfare combined with lining the pockets of those who're more likelty to be employed by or customers of those global corporations ... and they couldn't care less about the working poor and long-term unemployed.

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