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Thread: Stimulus here we come!

  1. #1
    Ohh Hell yeah.. Sava700's Avatar
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    Stimulus here we come!

    Ok well its signed... now how fast will the changes take effect? Will we have tax breaks when we file our taxes for last year right away? I would think they should to make as quick as a change as possible.

    It will be interesting to see if news postings talk about companies hiring instead of laying off in the near future to see how well this package was setup.

    http://www.cbsnews.com/stories/2009/...n4805436.shtml

  2. #2
    Moderator Roody's Avatar
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    You won't see a big improvement for at least a year if not longer. These things take time.

  3. #3
    Ohh Hell yeah.. Sava700's Avatar
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    Quote Originally Posted by Roody View Post
    You won't see a big improvement for at least a year if not longer. These things take time.
    Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

    I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.

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    TypicalWhitePerson JC's Avatar
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    Quote Originally Posted by Sava700 View Post
    Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

    I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.
    I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.
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    Ohh Hell yeah.. Sava700's Avatar
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    Quote Originally Posted by JC View Post
    I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.
    Wouldn't that be pretty much instant once the bill is signed? I'm curious as to the time frame that will happen. Is there also a stimulus check for each like last time or no?

  6. #6
    Moderator Roody's Avatar
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    Quote Originally Posted by Sava700 View Post
    Naw the tax breaks can be instant once signed in... its like throwing a new price sticker on a item for sale.

    I can see the other things taking time but for the most part just it getting signed was said to be a major relief to many companies.. I expect to see a little difference within the next few weeks if not months.
    Tax breaks can hit right away, but it's not like there will be a massive change in the economy during that time. You are setting yourself up for a serious disappointment if you think otherwise.

  7. #7
    Ohh Hell yeah.. Sava700's Avatar
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    Quote Originally Posted by Roody View Post
    Tax breaks can hit right away, but it's not like there will be a massive change in the economy during that time. You are setting yourself up for a serious disappointment if you think otherwise.
    Yeah that sounds about right for the cuts.. as for rest yeah I know it can't happen over night..,. here is a break down for state to state funds each are getting.

    State Infrastructure (in dollars)
    Ala. 603,871,807
    Alaska 240,495,117
    Ariz. 648,928,995
    Ark. 405,531,459
    Calif. 3,917,656,769
    Colo. 538,669,174
    Conn. 487,480,166
    Del. 158,666,838
    D.C. 267,617,455
    Fla. 1,794,913,566
    Ga. 1,141,255,941
    Hawaii 199,866,172
    Idaho 219,528,313
    Ill. 1,579,965,373
    Ind. 836,483,568
    Iowa 447,563,924
    Kansas 413,837,382
    Ky. 521,153,404
    La. 538,575,876
    Maine 174,285,111
    Md. 704,863,248
    Mass. 890,333,825
    Mich. 1,150,282,308
    Minn. 668,242,481
    Miss. 415,257,720
    Mo. 830,647,063
    Mont. 246,599,815
    Neb. 278,897,762
    Nev. 270,010,945
    N.H. 181,678,856
    N.J. 1,335,784,100
    N.M. 299,589,086
    N.Y. 2,774,508,711
    N.C. 909,397,136
    N.D. 200,318,301
    Ohio 1,335,600,553
    Okla. 535,407,908
    Ore. 453,788,475
    Pa. 1,525,011,979
    R.I. 192,902,023
    S.C. 544,291,398
    S.D. 213,511,174
    Tenn. 701,516,776
    Texas 2,803,249,599
    Utah 292,231,904
    Vt. 150,666,577
    Va. 890,584,959
    Wash. 739,283,923
    W. Va. 290,479,108
    Wisc. 716,457,120
    Wyo. 186,111,170
    U.S. Territories 238,045,760
    Total 38,101,898,173
    http://www.cbsnews.com/blogs/2009/02...y4806682.shtml

  8. #8
    Senior Member Gixxer's Avatar
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    Ohio was hit HARD. i guess that is why there are only about 2-3 states getting more than us.
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  9. #9
    NYC Newbie Slayer Prey521's Avatar
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    Quote Originally Posted by JC View Post
    I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.
    $13 a week for the first year or so and then supposed to drop to $8 for I don't know how much longer.
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  10. #10
    Certified SG Addict Brent's Avatar
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    Quote Originally Posted by Roody View Post
    You won't see a big improvement for at least a year if not longer. These things take time.
    That's the problem I see though, it is going to take too long. We need action right now.
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  11. #11
    R.I.P. 2013-11-22 blebs's Avatar
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    I don't think your going to see much of anything improve for at least 2 perhaps 4 years, unless of course, we go to war.
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  12. #12
    Moderator YeOldeStonecat's Avatar
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    Quote Originally Posted by JC View Post
    I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.
    I heard a bit more than...a whopping 13 dollars!
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  13. #13
    Resident Atheist Dan's Avatar
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    what the hell is 8 or $13 a week going to really do for "the average american" anyway ?

    that's no big deal.

    that's silly.

  14. #14
    Ohh Hell yeah.. Sava700's Avatar
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    Quote Originally Posted by Dan View Post
    what the hell is 8 or $13 a week going to really do for "the average american" anyway ?

    that's no big deal.

    that's silly.
    nothing really.. cause by time it gets kicked in gas prices will rise and make up for it.

  15. #15
    Resident Atheist Dan's Avatar
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    it didn't do the stock market any good http://cbs13.com/national/stocks.wal....2.936773.html





    "Investors around the world are betting that even with government stimulus and bailout programs, the global recession will just have to run its course."

  16. #16
    ♫♪ ♫♪ ♫♪ ♫♪ downhill's Avatar
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    Quote Originally Posted by JC View Post
    I heard most americans will see an 8.00 dollar increase in their pay per week. Once the tax cuts take effect.

    That's flat out silly. lol

    Where did you hear that? Maybe if you average the whole cross section but the middle class is going to get a tax break.

  17. #17
    NYC Newbie Slayer Prey521's Avatar
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    Is that $13 per week figure true no matter what how much you make? Between my wife and I, that'd be an extra $26 per week or $104 per month. I can finally afford to go to Disney World.
    Have your feelings been hurt by a random act of E-Thuggery? If so, call 1-800-Waaaaahmbulance, we're here 24 hrs a day, 7 days a week, to take your call, you could be due a large monetary settlement, don't delay, call now.

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  18. #18
    ♫♪ ♫♪ ♫♪ ♫♪ downhill's Avatar
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    No it would still be determined on how much you make per year...............

  19. #19
    NYC Newbie Slayer Prey521's Avatar
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    Quote Originally Posted by downhill View Post
    No it would still be determined on how much you make per year...............
    Gotcha, so I have to find another way to fund my Disney trip now.
    Have your feelings been hurt by a random act of E-Thuggery? If so, call 1-800-Waaaaahmbulance, we're here 24 hrs a day, 7 days a week, to take your call, you could be due a large monetary settlement, don't delay, call now.

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  20. #20
    Maneater JawZ's Avatar
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    Just out of curiosity, I did the math on what it would cost us to provide Americans with free gas.


    We used about 377 million gallons last year, at about $3 a gallon averaged out across all grades. That's approx $1.1 Billion. But if you look at it on a barrel per year basis of oil, we use 11.2 barrels a year vs 12.4 back in 1978. So we are better now than in '78.

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