News about the 2008 Bush tax rebate. Congress has supported a tax refund, check back to see what you have to do to receive yours, and when you can expect your check in the mail.
The government's "Cash for Clunkers" program has proven wildly
popular with consumers, but has very strict rules. Not all cars are
eligible and not all dealers participate. In New York, Attorney General Andrew M. Cuomo has issued
cease-and-desist letters to nearly 40 auto dealers across New York
state whose advertisements for the new federal Car Allowance Rebate
System were allegedly misleading and deceptive.
Cuomo took the action after reviewing a number of advertisements
from various car... Read Full Story
Got an old gas guzzler in the garage? Car shoppers can take advantage of new government incentives worth $3,500 to $4,500. Owners can scrap their clunker in exchange for a new, more fuel-efficient vehicle, and lop off thousands of dollars from the sticker price. Congress approved the "Car Allowance Rebate System," or "CARS," program last month to boost auto sales and attempt to retire some inefficient cars and trucks. Here's a look at the program: Q: Which vehicles qualify? A: Cars and... Read Full Story
Stimulus amendment puts tough limits on executive pay An amendment in the $787 billion economic stimulus package passed by Congress Friday would severely restrict bonuses and other forms of compensation for top executives at companies receiving federal bailout money.
The amendment by Sen. Chris Dodd, chairman of the Senate Committee on Banking, Housing and Urban Affairs, would impose wide-ranging restrictions on how — and by how much — top executives at companies receiving federal bailout... Read Full Story
Poll: Most support Obama’s $800 billion stimulus plan A new national poll suggests most Americans favor an economic stimulus package even if it comes with an $800 billion price tag, although that support doesn’t indicate the public wants to see a new era of big government.
Fifty-six percent of those questioned in a CNN/Opinion Research Corp. survey released Tuesday said they favor the stimulus package that President-elect Barack Obama is proposing; 42 percent were opposed. Obama is pushing... Read Full Story
China said it has raised tax incentives on more than 600 export items, with some up to the maximum level possible, as it stepped up efforts to help businesses ride out the global economic slowdown. From June 1, export tax rebates on products including shoes, toys and furniture have been lifted to between five and 17 percent, the finance ministry said in a statement posted on its website. Exports such as sewing machines and air conditioners have been given the full tax rebate of 17 percent... Read Full Story
Remarks of President-Elect Barack Obama As Prepared for Delivery American Recovery and Reinvestment Thursday, January 8, 2009 Throughout America’s history, there have been some years that simply rolled into the next without much notice or fanfare. Then there are the years that come along once in a generation – the kind that mark a clean break from a troubled past, and set a new course for our nation. This is one of those years. We start 2009 in the midst of a crisis unlike any we have seen... Read Full Story
President-Elect Barack Obama’s team of advisors are spending a considerable amount of time on an economic recovery plan with a second stimulus package, to be ready by Christmas, so that the Democrats can draft legislation once the new year and the new presidency comes in. In an e-mail message, Senate Majority Leader Harry Reid stated, “the goal for completing action on this important legislation should be as close to Jan. 20 as possible.” It should be noted, however, that this plan might be... Read Full Story
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House Leaders Unveil Economic Stimulus Package That Includes Health IT, Medicaid Funding Medical News Today
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House Democrats on Thursday released an $825 billion economic stimulus proposal that includes $20 billion to encourage adoption of health care information technology and $87 billion in increased... Read Full Story
Last year the IRS was besieged by telephone calls regarding treatment of the 2008 economic stimulus payments. Complicating matters even further was the fact that some people who did not get a stimulus payment may still be due one, as this article by Anthony Ventre explains. It remains to be seen whether the Obama administration’s attempt at a stimulus will cause similar confusion, but it’s interesting to see how messy and complicated income taxes have become.
There were so many questions... Read Full Story
Is their light at the end of this tunnel or a deep dark dungeon?
Sure many of us have lost our jobs including me. We do need help but is a stimulus package of this magnitude the answer? It seems to me we could do a lot with this money just to help the unemployed get though the hard times. This is our money we pay the taxes. Yes business are closing doors and major companies are laying off. But there is a reason for this. Mismanagement has been huge and has to be corrected.
If my business... Read Full Story
