$750 should be sent to individuals in the form of a rebate. And they need to get the checks out much faster than they did last year. Then they should add about $1,000 gradually in the form of the payroll tax break. They need to work language into it, however, that addresses the issue of people getting laid off before they can collect the payroll tax. So if people get laid off, they can still collect the $1,000. Subsequent to the tax breaks, they need to follow through with heavy infrastructure spending that has the greatest potential for job creation.
At any rate, it's discouraging to see the senate Dems losing their way already. Obama talked about tax breaks on the campaign trail all year. Every day at the office, my Republican associates have been telling me that Obama and the Dems won't go through with the tax breaks for the middle class when they get in office.
Were they right?
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