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Looking for a VOTE in D. C.....Day 16

By
Real Estate Agent

        

Update:  3:30 p.m.:
The House Chamber;
A vote is being taken on or with that which started at 2:10 p.m;
Across the wires around 3:30 p.m : the WH has added extending the Stimulus Tax cuts of the Recovery Act &
adding a limited to one full year-the unemployment benefits;
for:
reaching an accord with GOP & any others to extend all Bush Tax Cuts;
However,  WH spokesperson explains that:
the extended unemployment benefits will put $$$ into pockets of those who will spend them.
The extension of the Bush Tax Cuts will only put money into the richest folks
[many of whom produce / make the jobs--MY observation not the WH]

To this time; the Vote in the House is: Yea;;222  Nay 181   NV 31   Time remaining 5:20
This is already decreed to be DOA in the Senate

Through for the day for me
Friday will prove interesting I think.
 
 



Today is another important-in the scheme of things--day on the Hill;

Topic:

The latest news on the Deficit Commission Vote, with the additions of two GOP members has reached 9 of the needed 14 votes. [the total member count is 18]
The announcement  is that 'the' vote will take place tomorrow on Friday.

Topic:

The debate & vote is scheduled for today in the House on the extension or partial extension of the Bush Tax Cuts;

Topic:

Also on it's 'things to do Today' list the  Chamber is focused on the House Decision on Rep. Charles Rangel with strong division within the House.

Topic:

The congress is also considering the "dire consequences if the unemployment benefits are NOT extended
"
[W.H. economic advisor statement] ;
...all very important to all of us;
...some items could and should have been covered before the last 16 days of this Congress.        

Our Congress is very, very busy these days;
How much of this National Business will take place these days is any one's guesstimate;
How much should have been handled earlier is moot;
How said Votes will affect us will be seen in time--some as soon as in Jan.2011.

Topic:

However you personally will be impacted will depend on your present status -business-wise;
++If you are on unemployment and hoping for an additional 99 weeks of such--one question--how and who pays;

++If you are in a small business where you have employees;
    you pay taxes as a Personal tax;
    make $250,000 or more;
you could possibley find yourself in a position of having to re-file or file twice for 2010.
If the tax cuts are not extended your tax bill may need to be adjusted.

Earlier a Business / Tax person mentioned a meet with your accountant on a 'pay before Dec. 31';
YOU know your business status;
After consultation with accountant can see if or how you may benefit with an early-tax payment.

Topic:

Should the unemployment benefit be extended. then those states with the highest count will need to find ways to make the payments;

On this very point, our Governor Elect has gone on record stating that the state's waiver expires on Dec.31st; without this waiver Michigan--with the lower rate of 12.8 [having been 14.+%] Michigan will owe 150 m in interest.  

Meeting in D.C. these last 2 days, Snyder stated " We're unduly burdened because we just happened to be the place struck hardest"
Michigan has borrowed $3.8 B since 2006 --CA owes $8.9 B.
To put this in perspective a total  of 30 states and the Virgin Islands have borrowed $43.3 B.

How to continue this?
How to pay for this?

Questions, that answered, will have supporters & attackers--
No Matter What.  

High Noon has come and gone;
No information is forth-coming from Congress;
Don't cause a stall for too long Guys & Gals, this IS our future on which you debate.
Moving close to Day 15

A Quote on Government & the Economy:
"The government's view of the economy could be summed up in a few phrases:
...If it mover, Tax it;
...If it keeps moving, regulate it;  and
...If it stops moving, subsidize it. "

  Ronald Reagan 

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Live, Learn, Love, & always remember to Laugh!

 
a Keyless start....a Forward Looking VIEW from the DASH; Join the RIDE 


Barb & Sal

Comments (2)

Keith Vermilyea
Boise Homes Realty brokered by Found It LLC - Boise, ID

Thanks for the legislative update Barb and Sal.  These are all very weighty issues that all Americans need to follow closely and hold their elected officials accountable for because the quality of our future depends on it.  Love the Ronald Reagan quote!

Dec 02, 2010 06:17 AM
Barb & Sal Dragotta
Macomb, MI
Macomb County Michigan

Keith...and thank you.  As I type, the first vote in the House [DEM sponsored vote--2:10 p.m.] has been presented or called on the floor.  No answer as yet, but 12 minutes is way too soon for any governmental body.
These are so very important, as you mention.  What a year we will have lived is 2010.  won't need to wait for the history books on this one -actually neither Sal nor I will be around for this "history", unless we can get our hands on that new scientific discovery that made old mice into middle age mice.  should this work in people then we would be in our late 30s  Hum-m-m-m LOL
Thanks for your comment & you have a great 1st week of December our there in Idaho-THE Potato country of note.  Yes, RR had many such great quotes--during his election years lived with the "Macomb Democrats for Reagan--noted as Reagan Democrats.

Barb & Sal

 

 

Dec 02, 2010 06:29 AM