Stimulus: How it may affect your wallet

Stimulus: How much will it cost us?

Congress has finalized the $787 billion economic recovery plan. Here's a look at some of the provisions geared at financial relief for individuals.

Making Work Pay Credit:
The bill provides a $400 credit per worker and a $800 credit per dual-earner couple.

One-time payments to those who don't work: (that's sure to cover a lot with all the lay-off)

Break for higher income families: (Yeah, we knew that would get in there somehow)

Temporary deduction for car buyers: (was that to help the people who needed transportation or the car production industry? What happened to local transits? Why not just issue bus tokens?)

Temporary credit for home buyers: (That would cover every blue collar worker and more, not many people make $75,000 or more a year.)

New temporary college credit: (Estimated cost: $13.9 billion.)

Temporary Pell Grant increase: (Estimated cost: $15.6 billion.)

Temporary expansion of child tax credit: allows lower income families to claim more of the credit than under current law.

Temporary increase in earned income tax credit: Increased to 45% from 40% of qualifying earnings for low-income families with three or more children. Just what some single people without a job are looking forward to. Like the woman who just had 8 babies to add to the 6 she already had and can't even support.


Direct lifeline benefits

Health insurance help for the jobless: COBRA?
How can you pay 35% if you don't have a job???

Unemployment benefits: They fail to tell what restrictions goes with this. What if the employer refuses to pay?

Food stamp payments: (Estimated cost: $19.9 billion.)Frankly this should have been lowered so people would be less likely to sell them to buy booze or cigarettes. I know people who get way more than they spend and offer to buy you food in return for other items.
Then there are some who get turned down for assistance because they own a car that doesn't even run.
It will also provides assistance to help local groups providing food and shelter, elderly nutrition services such as Meals on Wheels, and a program to help food banks re-stock their shelves.Then where does the food go when we have food drives or when boy scouts or other clubs ask for donations. (Estimated cost: $350 million.)


Other help for needy families: Estimated cost: $2.4 billion.


And who is paying for all this?? YOU and all the other hard working tax-payers

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