Jerry Ragano invited a guest speaker, Jim Higgins from Citrin Cooperman Certified Public Accountants. Jim spoke about the American Recovery and Reinvestment Act of 2009 and how it affects us. What we learned is that doesn’t affect us directly, since it’s mostly geared toward low income workers and the unemployed. But we’re hopeful that it may stimulate the economy, which will help everyone. A lively conversation ensued, thanks to Brian, who’s a CPA. He asked some pointed questions to the group which really got us thinking about the subject of taxation and the politics behind it.
What I remember is a lot of talk about how the American Recovery and Reinvestment Act of 2009 offered deductions and other benefits for small businesses and home buyers, and very little discussion about how it will beneift low-income earners or the unemployed, which would not have been of much interest to the Barn audience.
It was a very interesting discussion about stimulus spending, taxation, and the national debt that ensued after the talk.