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Thread: Did Obama Leave a Parting Gift for Taxpayers? You may want to check this out:

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    Iridium monty's Avatar
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    Did Obama Leave a Parting Gift for Taxpayers? You may want to check this out:

    On Dec. 18, 2015 Obama quietly signs into law . . .

    Dee Argo shared a link.

    4 hrs

    Dear Taxpayer,

    Late on Friday, December 18, 2015, President Obama quietly signed a new 233-page Congressional act into law.

    There was little fanfare.

    After all, it was the weekend before Christmas. And most of the White House reporters had already gone home for the holidays.

    But buried deep inside the act, in Section 106, is a hidden bombshell... one that I believe deserves your immediate attention.

    In short, it contains a program that...
    Gives Every Taxpaying American the Right to Collect a “Cash Rebate” on Nearly EVERY Single Purchase Made in 2016

    This is not a joke.
    We’re talking about an opportunity to collect a “cash rebate” on virtually anything you paid for over the past year.

    A new pair of shoes...
    Your vacation hotel bill...
    Lunch with friends...
    A new leather sofa...
    Plane tickets...
    Christmas presents for the kids...

    Even big-ticket items like an engagement ring... a wedding... or a new car, boat or RV...
    The government is willing to send you cold hard cash for all of it.

    According to Ways and Means Committee Chairman Kevin Brady, the purpose of this new law is to “grow our economy and help American taxpayers keep more of their hard-earned dollars.”

    It will certainly do that.

    In an interview with The New York Times, one U.S. senator said of the new legislation, “we have been trying forever to get something good for the middle class... and this is a jackpot.”

    Bloomberg estimates it could put as much as $42.4 BILLION back in the pockets of the 119 million eligible taxpaying Americans.

    Others predict it could be even more.

    According to an article on Fox Business News, there is “no limit” to the size of your “cash rebate.”
    If you had a huge spending year in 2016 (even on credit), in rare cases you could conceivably claim upward of $100,000.

    For most people, the cash rebate will be smaller.

    Some will collect maybe $1,230... while others bring in up to $12,900.

    But the fact is... you have money sitting on the table here, ready to be picked up and pocketed.
    The Wall Street Journal says the program is like a “gift for Christmas.”
    But it gets better...

    A statement on IRS.gov confirms “you don’t need receipts” to collect your rebate.

    Though... the more spending you can prove, the bigger the check you’ll get.

    One prominent New York attorney who’s put this legislation under a microscope notes that many types of records, such as credit card statements, could help you enhance the size of your payout.

    You just have to step up and claim your share.

    And that’s why I’m speaking to you today...

    Most Americans have no idea this program exists.

    And no wonder...

    The bill was signed at the end of the year... in the middle of the holidays... on a Friday night... after the press had gone home.

    As Forbes points out in a recent article, the law only gave Americans about 15 days to digest this historic money transfer before 2016 began.

    So how do you get your piece of the pie?


    Internal Revenue Service
    IRS.gov
    IRS.GOV




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  2. #2
    Copper
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    Re: Did Obama Leave a Parting Gift for Taxpayers? You may want to check this out:

    And no, it is not a “rebate to 119 million Americans” ... but for at least the 24 million or so households in “no income tax” states (or the ~8 million of them who itemize deductions, anyway) it could certainly make (and in all cases where they’ve been paying attention since 2004, probably already has made) a difference on their tax returns.
    Not even hunger, which excites dumb animals to exertion, can stimulate them (Capuans) to diligence.-Hanno Barca

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    monty (13th January 2017)

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    Unobtanium palani's Avatar
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    Re: Did Obama Leave a Parting Gift for Taxpayers? You may want to check this out:

    Not this crap again.

    Here is the deal. The president signs bills into law while congress is in SESSION. Congress ended sine die on 12/16/2016. When they did so the legislative power of the executive branch to sign anything into LAW ended. Presumably 'Bummer signed this bill on 12/18/2016. HE LACKED ANY AUTHORITY AT ALL TO DO THIS.

    By not signing the bill while congress was in SESSION 'Bummer elected to do what is called a POCKET VETO.
    Make me one with everything.
    -- Zen Master to the hot dog vendor

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    monty (13th January 2017)

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