Chuckie Wants A Second Stimulus Package

by Stephan Tawney on January 24, 2008

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Because one crappy hand-out, er, “stimulus” package isn’t enough, there’s a second one coming down the pipe.

In addition to $180 million for “Housing Counseling Assistance” that he helped stick into the omnibus spending bill, Schumer wants more money for counseling borrowers who should have known better before buying more house than they could afford.

And he wants a second stimulus package to deal with “infrastructure.” Whatever the hell that means.

I can feel my wallet hurting already. Michelle links to economist and attorney Hans Bader at OpenMarkets.org, who says this about the “stimulus” package:

They’re giving out rebates, but if you are a middle-class taxpaying family in a high-living cost region, you’re out of luck. The rebates only go to single people making less than $75,000 per year or married couples making less than $150,000.

For the crime of being married to me, my wife, who made less than $75,000 last year (she recently quit her job to take care of our new baby daughter), will be denied her refund, because our combined household income is just a hair over $150,000. If we lived together “in sin,” she’d get a rebate, but because we’re married, she won’t.

If she weren’t married to me, she’d receive a rebate for our daughter, too! Too bad our daughter wasn’t born out of wedlock. Then we’d qualify.

By contrast, non-taxpayers — people who currently pay no federal income taxes and actually get an earned income tax credit back — will be eligible.

Craaaaaaptastic. Can you say, “redistribution“?



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