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The Watercooler
Pres. Bush signed Tax Rebate Bill
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<blockquote data-quote="witzend" data-source="post: 127349" data-attributes="member: 99"><p>While I know everyone is thrilled about getting a check in the mail, I doubt that this part of the bill is going to stimulate the economy much. The people who need it most are in debt, and likely won't buy anything that they wouldn't have in any case. They (and I) will use it to pay bills.</p><p></p><p>The more important part of this bill for our economy will be the economic stimulus from small business deductions on durable goods. Under this provision, anyone with a small business (under $250k profit) can write off the entire purchase price of durable goods bought for the business. This will stimulate purchases and reinvigorate the economy to a certain extent.</p><p></p><p>Not that I'm sending back our $12k, just pointing out the rest of the story, as Paul Harvey would say.</p></blockquote><p></p>
[QUOTE="witzend, post: 127349, member: 99"] While I know everyone is thrilled about getting a check in the mail, I doubt that this part of the bill is going to stimulate the economy much. The people who need it most are in debt, and likely won't buy anything that they wouldn't have in any case. They (and I) will use it to pay bills. The more important part of this bill for our economy will be the economic stimulus from small business deductions on durable goods. Under this provision, anyone with a small business (under $250k profit) can write off the entire purchase price of durable goods bought for the business. This will stimulate purchases and reinvigorate the economy to a certain extent. Not that I'm sending back our $12k, just pointing out the rest of the story, as Paul Harvey would say. [/QUOTE]
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Pres. Bush signed Tax Rebate Bill
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