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View Diary: President Obama signs tax cut deal into law (328 comments)

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  •  how is this a stimulus at all? (3+ / 0-)

    These tax rates have been effective since 2001(!!!)

    Obama is extending the status quo. If these tax rates were so stimulative, we would have seen them in action throughout the last decade and these past 2 years of recession.

    The only new thing here is the payroll tax holiday--and sure it will have about as much effect as the $300 checks we all got last year--great for credit card companies and utilities and cable companies--people pay debts in these times with tax rebates.

    So we add $900 to the national debt extending the same tax rates we already have and put Social Security on a path to ruin should this "holiday" be extended once again. And of course an even lower estate tax for the children of our Barons and Dukes. Oh and we get no stimulus. What a victory for the middle class!

    "People place their hand on the Bible and swear to uphold the Constitution. They don't put their hand on the Constitution and swear to uphold the Bible."

    by michael1104 on Fri Dec 17, 2010 at 04:04:01 PM PST

    [ Parent ]

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