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Issues + Action

ispeak: Tax Rebates

 

Everyone now admits that our economy is in for tough times. The costs of healthcare, gas and other forms of energy, higher education and other vital needs are going through the roof. Homeowners face an uncertain mortgage future. Unemployment rates are climbing. Now, the Bush Administration and some members of Congress are offering a package to stimulate the economy by giving tens of thousands of dollars to high-earners, and $300 in tax rebates to working people. Do you think this will work? How will you spend your $300 to stimulate the economy?



The $300 is an unsweetened carrot. Clearly the Senate and House think that we are very uninformed. It is just a way to have them think they are actually doing something about the economy.
 
Regulation and oversight of the banks that offered the sub-prime mortgages in 2002/03 are what should have happened. I'd rather the government help people to refinance from risky loans to fixed rate and avoid foreclosure. The $300 won't even cover these peoples’ moving expenses. And seriously, they should save it. We don’t need to piss away more cash
 
Laura Liebman
Senior social worker
Montefiore Medical Center
The Bronx, NY
It is not the very best idea. I would rather we give some food coupons to working, middle class, and low income families for the next several months to help with the high cost of groceries.
 
Marva Duhaney
Unit secretary
Kingsbrook Jewish Hospital
Brooklyn, NY
  

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