Originally posted by normbenign
I personally think this is an election stunt. If it were serious, the bill would be a thousand pages longer. This is to get the Pubs to scuttle it, so he can blame them for the economy.
From what I have gathered, the bill does the following.
1. Cuts payroll taxes because God knows they don't need to fund the ponzie scheme of social security when they can just print money.
2. Spend more for teachers and for school construction. I'm sure this is only for public schools which equates to pure patronage to the unions.
3. Extension of jobless benefits..........yep, I guess I'll go look for a job since they extended my benefits, NOT!!!
4. Cut $400 billion from itemized deductions for charitable contributions making over $200,000 or families making over $250,000 a year. So if they decide to then curtail their charitable contributions because of this, then what Mr. President?
5. Stop loop holes for gas and oil companies creating $40 billion more in revenue. Of course, those costs will then be passed down to us, however, you have the added bonus of further demonizing those already hated on the left.
6. Raise $18 billion by making fund managers pay more in taxes.
7. Raise $3 billion from changing tax breaks on corporate jets. Again, it seems he is picking on this not to raise revenue because it is such a minimal amount of money. It would appear that this is just good politics to target jet set corporate types who are already hated and envied.