Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: Government Looks to Spur Economy (In No Particular Order)

By

Brief scrutiny of today's headlines.

PrintPRINT
Thanks to this year's Economic Stimulus Act, many Americans will receive a little something extra in the months to come. Sears (SHLD) is already salivating over said stimulus.

Separate from the income tax refund, filers earning $75,000 or less will receive $600, married couples earning $150,000 or less will get $1,200 and parents who fit these guidelines will be given an extra $300 for each dependent child under 17 (what's R. Kelly going to do with that extra five grand?).

According to Kiplingers, rebates will start making their way to American wallets on May 2nd via direct deposit and should be sent out by mail no later than July 11th.

While the plan is to be commended for attempting to provide an instant jolt to a sagging economy, the manner in which rebates will be disbursed is arbitrary at best and ill-considered at worst.

A plan aimed at facilitating economic relief should first address the needs of those who need help the most. Distributing the rebates based on level of income, starting with those in the lowest tax bracket, would be both simple and efficient. Instead, rebates will be doled out according to the last two digits of taxpayers' Social Security numbers.

Uncle Sam's well-intentioned in his old age, but he's getting kind of lazy.

For more on Taxes, check out Hoofy and Boo's always astute analysis:

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE