This Is My Way Of Thinking

Here are some things from the White House Press. These are things I personally agree with and I think are the proper way to build our economy for the future at this point in time.


To Be Effective, The Growth Package Should Bolster Both Business Investment And Consumer Spending, Which Are Critical To Economic Growth

1. An effective growth package must include tax incentives for American businesses – including small businesses – to make investments in their enterprises this year. Giving them an incentive to invest now will encourage business owners to expand their operations, create new jobs, and inject new energy into our economy in the process.
*Yes, this is a much better way to build our economy verses more government funds for unemployment, or taking away from business. What a concept...help business grow, people get jobs, they have money to speed, and they can make their mortgage payment.

2. An effective growth package must also include direct and rapid income tax relief for the American people. Americans could use this money as they see fit – to help meet their monthly bills, cover higher costs at the gas pump, or pay for other basic necessities. Letting Americans keep more of their own money should increase consumer spending and lift our economy at a time when people otherwise might spend less.
*We don't need more government we need this. Fewer taxes on you will stimulate growth. Its amazes me why more politicians cannot think like this. If you let us keep our money we will put it back into the economy.


President Bush Continues To Call On Congress To Make Tax Relief Permanent

While passing a new growth package is our most pressing economic priority, Congress needs to turn next to the most important economic priority for our country – making sure the tax relief that is now in place is not taken away. The President's tax cuts are set to expire in less than three years. If Congress allows that to happen, we will see an end to many of the measures that have helped our economy grow including the 10 percent individual income tax bracket, repeal of the Federal death tax, reductions in the marriage penalty, the expansion of the child tax credit, and reduced rates on regular income, capital gains, and dividends. This would mean that:

- A single mom with two children and $30,000 in earnings would see her taxes go up by 67 percent.

- An elderly couple with $40,000 in income would see their taxes go up by about 155 percent.

- Twenty-six million small business owners would see their taxes increase by nearly 17 percent or about $4,000 on average.
*What else is there is say. Its proven when you let the american people keep their money they will put it back into the economy. Looks to me like this directly effects the lower to middle income family. We need this and I hope our democrat partners in congresses can agree to this.

The Administration Has Taken Steps To Help Struggling American Homeowners
In September, the President and his Administration launched a new initiative at the Federal Housing Administration (FHA) called FHASecure. FHASecure expands the FHA's ability to offer refinancing by giving it the flexibility to work with homeowners who have good credit histories but cannot afford their current payments. By the end of 2008, the FHA expects this program to help more than 300,000 families refinance their homes.
*Hillary you need to take some notes here. This is at least a more feasible way to work through the housing issues. I actually mentioned doing something on these lines in my last post. These will help families get into a fix rate mortgage and keep the banks in business and employees at their jobs instead of on the street.

You can read about these things at:
http://www.whitehouse.gov/infocus/economy/