Lower Your Credit Card Payment. The government urges Americans to pay down credit card bills. See if you qualify for debt relief.

Obama Affair With Vera Baker Rumors – An Attack on Financial Reform

May 4, 2010

Recent reports from the National Enquirer about President Obama’s potential affair with former staffer Vera Baker seems to have emerged at an opportune time as the President tries to enact financial reform. Clearly the richest boys in town don’t want this and there are conspiracy theorists saying that anti-wall street reformers are now doing whatever they [...]

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Obama and the 2009 Stimulus Tax Credits and Deductions. What Tax Breaks are in Store for 2010 and 2011

April 26, 2010

One third of the Recovery Act was made up of stimulus tax credits, the White House emphasizes. “No one I’ve met is looking for a handout,” Mr. Obama said in his address Saturday. “And that’s not what these tax cuts are. Instead, they’re targeted relief to help middle class families weather the storm, to jump [...]

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The Wall Street Transparency and Accountability Act of 2010 (aka The Lincoln Bill)

April 21, 2010

Huffington Post brings us details on the Senate’s version of the Wall Street Reform Bill.  This is landmark reform legislation that will bring 100 percent transparency to an unregulated $600 trillion market, close all loopholes and keep jobs on Main Street. This will protect taxpayers, jobs, consumers and the global economy, and will go further [...]

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Unemployment Benefits Extended Again Until June 2 2010 – Push for Extension to End of Year

April 18, 2010

Bloomberg reports that President Barack Obama signed a bill extending jobless benefits for hundreds of thousands of Americans to June 2 and urged Congress to pass another measure offering them for the rest of the year. Obama signed the measure late yesterday after the Senate approved, 59-38, the $18 billion package, ending a standoff over [...]

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Will there be More Stimulus Checks, Social Security Payments and Tax Credits in 2010, 2011 and Beyond

April 17, 2010

[Updated for 2010-2011 Stimulus Credits and Payments] All the tax credits/deductions and payments provided in the massive 2009 economic stimulus package will no doubt be hard to top in the years ahead. However the good news is that there will be more credits and deductions available to most Americans in 2010, 2011 and beyond. These [...]

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The Economic Stimulus Package Explained Simply And In Plain English

April 11, 2010

It’s kind of a point of pride for me that I am pretty good at taking complicated topics and breaking them down so everybody can understand them. So when I started looking at the stimulus package, I imagined having a conversation with a 10 y.o. about it. How would I explain it and what questions [...]

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President Obama Says Recovery Act Benefiting American Families During Tax Season

April 10, 2010

In his weekly address, President Barack Obama spoke to the American people about how to take advantage of Recovery Act tax benefits ahead of Tax Day – April 15, 2010.  Largely due to the Recovery Act, the average tax refund is up nearly 10 percent this year.  One-third of the Recovery Act was made up [...]

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Energy Efficiency Incentives and Stimulus Tax Credits for Individuals

April 7, 2010

The IRS reports that the American Recovery and Reinvestment Act provides tax incentives for individuals to invest in energy-efficient products. Residential Energy Property Credit (Section 1121): The new law increases the energy tax credit for homeowners who make energy efficient improvements to their existing homes. The new law increases the credit rate to 30 percent [...]

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Don’t Forget These Stimulus Tax Credits and Deductions When Filing Your Return

April 2, 2010

With the April 15 tax deadline looming, don’t forget to file your taxes and claim the following 2009 economic stimulus tax breaks: Taxes on the purchase of a new car. You can deduct state and local taxes paid for a new vehicle purchased after Feb. 16, 2009, and before Jan. 1, 2010. You can deduct [...]

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Stimulus Infrastructure Spending and More Tax Cuts in The Small Business and Infrastructure Jobs Tax Act of 2010

April 2, 2010

Democrats are pushing for a series of bills in Congress to address small business, infrastructure and jobs as unemployment hovers near 10 percent. The main bill – H.R.4849 – Small Business and Infrastructure Jobs Tax Act of 2010 – combines $13.2 billion in interest subsidies for local construction bonds with $3.6 billion in tax cuts [...]

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