The Federal Tax Credits Blog

Posts Tagged ‘congress tax credit’

Question: Is it constitutional for congress to pay banks, credit card, insurance companies our tax dollars?!!?

The government is so obviously bought off by private corporations, to the point they are now handing over our tax dollars to them. Isn’t this illegal? Should they all go to jail for corruption? They are pretending it’s a bailout. THese are companies that charge over 20% interest rates and make bank. Just because they got greedy and gambled on Wall Street, why should they get paid off for all their losses instead of taking a hit like everyone else. They still seem to have enough to pay their CEO’s over 16 million in salary and take luxury trips like the one at the Ritz in Dana Point just days before the bailout passed. THey are laughing all the way to the bank on our dime and I’m sick of it, lying to us like it affects the economy of the CEO and shareholders make less profit than the amount they’re used to!

Answer: Congress can make any law to disburse funds from the Treasury in any way it sees fit.

It sucks, but if Congress makes a law, it’s legal.

Five ideas to stimulate the economy

Despite the $787 billion stimulus plan Congress passed in 2009 following the financial crisis, it’s been a painfully weak economic recovery. With unemployment staying at an unnervingly high 9.5%, economists expect growth to continue slowing later this year. This has only fueled talk of the need for another round of government spending.

Thank You Congress For Extending The Tax Credit Closing Date