2010 Stimulus Check & 2009 Stimulus Check

...Information about the 2010 Stimulus Check

February 9th, 2009

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Stimulus Bill has a Home Buyer Tax Credit

Monday, February 9th, 2009

The Home Buyer Tax Credit part of the House Stimulus Bill was beefed up in the Senate verion of the bill.  The house version provided $7,500 credit towards someone buying a new home home allowing them to use it as a tax deduction for their 2008 taxes.

The Senate version of this bill bumped that value up to $15,000 for purchase of a new home.

The downside is that if you already bought a house with the $7,500 credit, you can not get access to the other $7,500 from the new version of the bill that was passed.

You can get this credit any time in the next year, and you just have to keep the house and not sell it for at least 2 years, otherwise you will need to repay the funds the government.

For more visit this FAQ

Senate Passes Stimulus Bill

Monday, February 9th, 2009

The Democrats and Republicans reached an agreement last night in the Senate on what to include and exclude from the upcoming Stimulus bill.  More then $100 Billion has been cut from the orginal $920 Billion bill droping the cost of this Stimulus Package to $820 Billion dollars.  Most of the Republicans still do not support this new bill, which passed requiring only 3 Republican votes.

The primary goal of this bill is to create and/or save 4 million jobs over the course of the next two years.  This would offset the lost of the 3.7 million jobs lost in the United States since December 2007.

The house passed the Stimulus Package bill without needing a single Republican vote previously.

http://www.washingtonpost.com/wp-dyn/content/article/2009/02/06/AR2009020602097.html

I think that the part of the bill regarding creating 4 Million new jobs is a step in the right direction.  These jobs are less the disrable, since they are in rural places and often manuel labor in nature.  Until people stop running out of unemployment benifits they may not resort to them at first.  I imagine people are goign to be looking to this Stimulus Check as an additional paycheck to help make ends meet to ride them through this recession.

Stimulus Check This year. yes or no?

Monday, February 9th, 2009

Do you think that there is going to be a stimulus check this year in 2009?  What groups do you think should get a stimulus check, should it be a check send to every man women and child in America like a year ago? should their be any changes to how it is handled.

How would you make the Stimulus Check better and more effective to serve the purpose it is meant to serve?