Source: Reuters
Lately it does not seem like there has been a whole lot of creativity coming out of the beltway. There has been a lot of "taking the easy way out" in regards to banking industries, automotive industries, and the like. However, today I saw some light, and it is presented in one of the worse named programs (give it time the the proposal is weeks away from seeing the floor of the House of Representatives) to date.
Reuters is reporting today that a tax incentive program is making it's way to the floor of the Senate and House of Representatives. The program is a tax incentive of up to $5,000 meant to encourage owners of older and inefficient automobiles to trade up to a new and high efficient vehicle. The program would cost approx. $2 billion, and would possibly coming out of remaining stimulus money (I'm biting my tongue on that).
I am strongly in favor of ideas like this one, which by the way similar ideas are in place in Europe. Instead of a bailout that arguably helps only a couple "groups" of people or jobs, this kind of creative plan helps many "groups" of people or jobs. Further, I encourage everyone to contact your state representative and encourage more creative problem solving and ideas like this to get us back on the road to prosperity.
Matt Kemper
YourCreditCompany.com
Showing posts with label United States Senate. Show all posts
Showing posts with label United States Senate. Show all posts
Thursday, April 2, 2009
Monday, February 23, 2009
What We are Watching
Welcome Back!
I hope everyone had a great weekend. This week we are looking at a couple topics that directly pertain to you or your friends' financial affairs.
First, Credit Cards always seem to be a hot topic. As they should be. It is not hard to find someone who has been broke, to use credit cards (in the interest of fairness there have been a significantly less number that have made a fortune because they maxed out their credit cards). The Senate Banking, Finance, and Urban Affairs Committee have been holding hearings examining the credit card industry. We will be following the hearings as well as any other events in this industry.
If you are looking for information on credit cards or a place to "shop" the best rates check out YourCreditCompany.com
Second, we are watching for more updates on the Homeowner Affordability and Stability Initiative. The U.S. Senate's Banking, Housing and Urban Affairs Committee is scheduled to hold hearings on the initiative on February 26, 2009 at 10:00am.
Check back soon, or better yet subscribe!
Matt Kemper
YourCreditCompany.com
I hope everyone had a great weekend. This week we are looking at a couple topics that directly pertain to you or your friends' financial affairs.
First, Credit Cards always seem to be a hot topic. As they should be. It is not hard to find someone who has been broke, to use credit cards (in the interest of fairness there have been a significantly less number that have made a fortune because they maxed out their credit cards). The Senate Banking, Finance, and Urban Affairs Committee have been holding hearings examining the credit card industry. We will be following the hearings as well as any other events in this industry.
If you are looking for information on credit cards or a place to "shop" the best rates check out YourCreditCompany.com
Second, we are watching for more updates on the Homeowner Affordability and Stability Initiative. The U.S. Senate's Banking, Housing and Urban Affairs Committee is scheduled to hold hearings on the initiative on February 26, 2009 at 10:00am.
Check back soon, or better yet subscribe!
Matt Kemper
YourCreditCompany.com
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