Tuesday, October 19, 2010

From Obama, the Tax Cut Nobody Heard Of - NYTimes.com

image Democrats as they head into the midterm elections, their signature tax cut of the past two years, which decreased income taxes by up to $400 a year for individuals and $800 for married couples, has gone largely unnoticed.

Faced with evidence that people were more likely to save than spend the tax rebate checks they received during the Bush administration, the Obama administration decided to take a different tack: it arranged for less tax money to be withheld from people’s paychecks.

Click on the following for more details:   From Obama, the Tax Cut Nobody Heard Of - NYTimes.com


Is this also  Belvidere and its Chrysler plant? But how many residents see it that way?


Kokomo is going back to work.

Economists disagree over the real nationwide impact of the massive stimulus jolt orchestrated by President Obama. But here in Kokomo, the Recovery Act and Obama's auto bailout have jolted Kokomo back to life -- keeping big industry from fleeing and attracting newcomers as well.

A year and a half ago the fate of this car town, home to four Chrysler plants and a Delphi facility, was as uncertain as the American auto industry itself.

Now, thanks largely to the federal government, the town's unemployment rate has gone from over 20% to under 14%.


Click on the following for more of the details: a-town-saved-by-stimulus: Personal Finance News from Yahoo! Finance