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 ·magicjack.com
| said by fAcEtIOUs:I doubt this is going anywhere. It was submitted on Feb 13,2009 and referred to House Ways & Means Committee. And there it has sat with no action at all since then. That's what I thought too. But, it's been in the news again recently. For example, this is where the author says he's willing to add a $100k exclusion.
What caused it to come back to life is how we've been told there's no money for social stimulus (after we tapped ourselves out with financial-market stimulus). That logically leads to the question of why we're not forcing the payback and using it for other things?
I think it makes a lot of sense only because Wall Street has fought regulation. This law would remain on the books so that, when (not if) we have to bail out Wall Street again, there will automatically have to repay the bailout. It would constantly kick in to repay bailout money. Then sunset when it's paid.
Mark |
