Now compare that to the rate cuts of Reagan or Bush. Rebate checks never work for once they are gone they are gone. Rate cuts continue on and put more into each taxpayer's check each pay period. I hope you see the difference because the economy sure did. Reagan and Bush tax rate cuts actually grew the American Economy, created jobs, and also grew govt. revenue.Individuals will get a tax credit of $400, while couples will get $800. The tax credit payments, expected to start around June, will be spread out through the rest of 2009 in the form of reduced federal tax withholdings taken from workers' paychecks. For 2009, the tax credit will amount to about an extra $13 per week and about $7.70 a week in 2010. Individuals with annual taxable incomes in excess of $100,000, and couples filing jointly with incomes in excess of $200,000 will not be eligible for the workers' tax credits. The credit begins to phase out at $75,000 for individuals and $150,000 for couples.
Second, the stimulus plan was supposed to go for "shovel" ready jobs and not be spect over 3 years and as a result it has stimulated nothing except bailing out Democrat contituent groups and growing the size of govt, both of which are unsustainable.
By definition a stimulus in our economy should be designed to stimulate the private sector but instead only stimulated the growth in the govt. and that just grows the debt.
The fact is the stimulus plan increased unemployment which is closer to 17% than it is to the 9.7% reported, as if 9.7% is to be celebrated. Jobs continue to be lost in this economy in spite of all the spending and a reduction in the numbers of unemployed isn't really what happened. Instead people dropped out of the labor market and with a growing economy the labor force dropped 1.1 million in the last year.