Liberal New York Times Writer Fails in His Opinion of the Bush 2008 Stimulus Plan
The 2008 Tax Stimulus Plan Will Benefit Americans
Paul Krugman writes in his first paragraph "House Democrats and the White House have reached an agreement on an economic stimulus plan. Unfortunately, the plan - which essentially consists of nothing but tax cuts and gives most of those tax cuts to people in fairly good financial shape - looks like a lemon".
For me it is not rocket science, it is common sense. Most families would benefit from the Bush 2008 stimulus plan. The stimulus plan would send checks of $600 to individuals making less than $75,000 and $1200 to families making under $150,000. The plan would also send up to $600 for families who did not pay federal taxes but who had earned income of more than $3,000.
In another failing paragrargh he writes "the plan gives each worker making less than $75,000 a $300 check, plus additional amounts to people who make enough to pay substantial sums in income tax. This ensures that the bulk of the money would go to people who are doing O.K. financially - which miss the whole point". I am extremely frustrated that Paul Krugman thinks that the majority of these people are doing O.K. This plan would hit almost every average America family. This plan is meant to stimulate the economy. These are the people who will help circulate the funds throughout America.
Krugman continues throughout his article writing how this plan will only benefit individuals who do not need it and money is not going to families who need it. Are you kidding me? This plan will hit every average tax paying family in America. This family will assist all taxpayers who make up to $75,000. This plan even gives to families who paid no taxes and earned only earned income. This plan is a winner and will help stimulate the economy.
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