economics, political style

[low_delta]

Here's an excerpt from the newsletter of one of my congressmen.

Despite the [Democratically held] Senate's general inaction, we can already see a difference in our economy today, when comapared to a few months ago. However, as has historically been the case, Wisconsin is at the tail end of this recovery partially because of its large manufacturing labor force. But there are positive signs, such as January's record home sales in the Midwest, which indicates strong consumer confidence. This upswing in our economy can ge largely attributed to the President's tax relief pan, passed last summer.

So did the president's tax relief plan consist of those few hundred dollars we all got, or am I missing something? Please tell me my congressman isn't thinking we all rushed out to buy homes because of that huge windfall.

Comments

[cherie.livejournal.com]

Since I was single ($300 for singles 600 for couples) I guess that is how I bought my house. Good one. They really are cheerleaders to that fool.

[cynnerth.livejournal.com]

It was a tough choice...a home or a yacht...how's a gal to choose?! So I bought food, heat, electricity, and water.

[i.livejournal.com]

i gave my 300 to the DNC

[banana.livejournal.com]

I aways fancied a Bugatti.



Pity *I* haven't had a small tax rebate.

[seamusd.livejournal.com]

a "soft money" donation?! :P~

[seamusd.livejournal.com]

Economics, I think, operates independently of any political policy/bickering. I also think the majority of politicians haven't got a brain among them. The more intelligent politicians are always called "controversial," aren't they.

[vlinker.livejournal.com]

and you expected how many $$ in relief?.....if you've done your income tax return for 2001, you'll notice that the tax is less than the previous year's tax for the same income......

it really didn't change my tax much, because i work too much to take advantage of the tax breaks for specific income levels......

i think the tax law requires a serious revamping....as far as i'm concerned, if there's going to be a personal income tax, there should be a flat tax with NO deductions.........you make a buck, you take your dime or quarter or whatever, and send it to uncle sam.....if you have a big house with a big loan, that's your problem.....because the house interest deduction should be scrapped.....it shouldn't matter whether you have one person in the family or 20, the tax should be the same........now, the people at H&R Block might not like this, but any American will be able to do there own personal tax return on half a sheet of paper......

[low-delta.livejournal.com]

My complaint in this post wasn't with the tax relief, it was with my congressman's attribution of the improvement of our economy to the tax relief.

Re:

[vlinker.livejournal.com]

well, any economist will tell ya that a little money spread about, will bolster an economy.....i'm not saying that check ya got last summer is THE cause of the improvement of the Wisconsin economy (if indeed there was an improvement)......but, it didn't hurt it at all.....

if your congressman is assuming that the entire improvement is due to the "tax relief" and tax law changes, he's misguided.......perhaps you should chat with him about it

[low-delta.livejournal.com]

He did say "largely attributed," and I just may ask him about it.

Re:

[vlinker.livejournal.com]

cool, i know our lone congressman is quite receptive to chatting with his constituents

Re:

[i.livejournal.com]

yeppers!

[low-delta.livejournal.com]

Ours does town hall meetings. He comes to every town fairly often.