"Based on preliminary results of this month's IBD/TIPP Poll, Americans would welcome with open arms tax reductions as part of any stimulus plan. Of 568 adults surveyed last Monday through Thursday, 67% favored cutting federal taxes on businesses, 79% favored cuts in individual income taxes and — despite the fact that only half of Americans are investors — 62% even favored cuts in capitals gains taxes."
From Investor's Business Daily
The most disturbing factoid that I learned on Tax Day was that the average American must now spend a full twenty-four hours filling out tax forms. That's three work days. Or, think of it this way: if you had to put in two hours per night after dinner to finish your taxes, that's two weeks (with Sundays off). I saw a talking head economics professor on some Philly TV channel pontificating about how Americans procrastinate. He was laughing. The IRS guy they interviewed actually said, "Tick, tick, tick." You have to wonder if Governor Ruth Ann Minner and her cohorts put in twenty-four hours pondering whether or not to give Kraft Foods $708,000 of our State taxes while demanding that school districts return $8-10 million each?
Comments
No one can truely get a sense of this 1,600 page bill in less than 24 hours.
What the heck are they thinking?
I was able to e-mail Castle, but couldn't get through to our Senators because I think everyone is downloading the PDF from Pelosi's site. The IT dudes and dudettes must be going wild !
Shirley, nonsense! The essence of this bill has been around for over a week. And the focus of the entire Congress has been on it. It was also published on-line as you yourself noted.
As far as the final changes, the House-Senate resolution conferees know exactly what has changed and have certainly communicated these changes to their party members.
Perry Hood
The public and Congress should have plenty of time to study it, analyze it, and weigh-in especially because it is so ginormous and unprecedented.
To spend nearly a trillion dollars with a matter of hours to even just read, much less understand, the detail is absolutely reckless beyond belief.
The Congressional Democrats may as well be running the Politburo.