StimulusBill.org

Article by lawman:

How does the Stimulus Package affect the average American?

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The American economy is deteriorating. For the first time in our history a stimulus package geared toward reforming our economy, to avert deterioration where profit and money has gone away. Trying to redirect the economy and how it functions here in America.

The average American will notice some effects after the bill passes directly, like the extra &20. or so on each paycheck as the government limits tax with holding. They will also notice more tax credits. (Mr. Obama’s signature tax cut would provide a credit of up to $500 for individuals and $1,000 for couples. It won praise in an analysis by the Tax Policy Center, a nonpartisan research group, because it could be carried out quickly, by reducing the amount of money withheld from paychecks.)

For the growing ranks of the unemployed, it will be more noticeable: benefit checks due to stop will keep coming, along with an extra $25 a week. (The legislation would also devote roughly $43 billion over two years to extend and increase unemployment benefits. The provision would add as much as 33 weeks of benefits, for states with the highest unemployment rates.)

At the grocery store, a family of four on food stamps could find up to $79 more a month on their government-issued debit card. (The House bill would spend $20 billion over five years on added food stamps. If the recovery legislation is adopted by mid-February, officials say, the first added food stamps will be delivered in April and nearly all of that aid used that month.)

Some help for the housing market. As it currently stands (last week), the Senate has voted and passed an amendment to the economic stimulus package that will give up to $15,000 tax credit towards a new home.(The Senate unanimously approved a proposal by Senator Isakson (R-GA) that would give a $15,000 tax break or up to 10% percent to anybody who buys a house by the end of the year.)

But let’s take a closer look see…

While it may be difficult to predict how well the overall plan will work, it is easier to draw conclusions about its individual components, gauging them against the basic goal of any stimulus: to promote economic activity and create jobs as quickly and efficiently as possible.

There is mounting evidence that the two primary economic shocks underlying our present malaise—the worst housing market bust since the Great Depression and the most wrenching credit crunch of the postwar period—are intensifying. And they are doing so at the very time that the U.S. economy is adjusting to record oil prices.

In recent congressional testimony, Treasury Secretary Hank Paulson correctly observed that the economy would continue to encounter “bumps in the road” as long as home prices were falling. Unfortunately, the annualized pace of decline in home prices at the national level has now increased to over 16 percent, a rate that we have not seen since the 1930s.

Let’s address the two primary economic shocks underlying our present malaise…
1) Since housing constitutes the main component of the average American’s wealth, Congress should be more focused on the housing market than on short-term fiscal policy fixes. Declining home values have already taken a harsh toll on consumer confidence, which has plummeted to its lowest level in 28 years. A further drop in home prices could drive consumer confidence even lower.

2) The average Americans credit is bad and it’s going to get worse due to the economy. Banks are not going to lend to the average American anymore, especially after all this is said and done.

There is no stipulation that these tax rebates must be spent this year — or next year, for that matter. That being the case, many recipients may well use these funds to pay down debt and/or to bolster their savings. Here is an interesting proposal that wouldn’t line the pockets of the government but instead the average American! This was a comment written by Stand Strong on a message board at MSNBC http://boards.msn.com

There are over 350 million people in the United States population and growing.
What if the government were to give to each individual tax payer in the United States there own
Stimulus package, check, government grant (whatever you want to call it). There over 300 million people in the US population why not give each tax paying individual a stimulus check.
Give each US American a $1 million dollars stimulus package, check, government grant, or even half that amount. The government would still have over $500 billion dollars left over from their proposed package. Which the government probably wouldn’t require that much. That’s a huge savings to invest in the United States. We need to stimulate the economy now, not years from now. Invest in the American people who desperately need it now.

I know $1 million dollars seems like a lot, but $300,000,000 is a drop in the bucket compared to over $850, 000, 00

It would help stimulate the economy by enabling everybody to be able to help themselves.

I would help people get out of debt and have a better life by:

1) Helping people pay their mortgages so they can remain in their homes.

2) Pay utilities

3) Better health care

4) Live Healthier Lives

5) Buy cars

6) Fix their homes up

7) Help business now, stay in business

Start businesses of their own

9) Investments

10) Kids to college

11) Retirement

12) Lower crime

13) People could afford to shop.

14) Many Many More

Government would get it back in tax revenues.

This would do for more than stimulate the economy; it would stimulate each and every tax payer in the United States. After all it’s about each and every individual in the United States, not just a select group of people.

Benefit

The American People Need a Stimulus Package / Not a Package to Stimulate the Government