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MAC has this uber cute limited addition Hello Kitty line! Tres Chic for rocker geeks! 

It’s like Hello Kitty’s gone rocker chic!

We’re all super psyched that President Obama has taken such a proactive role in aiding our failing economy. One of President Obama’s first proposals is the American Recovery and Reinvestment Act. The American Recovery and Reinvestment Act’s goal is to provide tax breaks and incentives for families, individuals, and businesses.

Just in case you’re curious as to how this effects you, here is a summary of the proposal:

• Tax credit - individuals get $400 and couples get $800. This tax credit will be spread throughout the rest of 2009 in the form of reduced federal tax withholding taken from worker’s paycheck.
• Alternative Minimum Tax (AMT) will be adjusted annually for inflation.
• First Time Home Buyers -  will qualify for a $8000 tax credit (prior $7500). The repayment requirement of the first-time home buyer tax credit has been removed.
• New Car Buyers - will be allowed to deduct all state and local sales taxes paid on the purchase from their federal income tax.
• All Homeowners - can qualify for a tax credit up to 30% of their cost if they install certified energy efficient windows, furnaces and air conditioner.
• College Tuition - Students or parents can qualify for a tax credit of up to $2,500 for tuition and related expenses during 2009 and 2010.
• Unemployment - people who receive unemployment compensation will not have to pay taxes on the first $2400.
• Small businesses - allows a 3% withholding tax on payments to business that sell goods or services to the government. Business that reduce it’s debt will be allowed some delay of tax.

For further details, visit Economic Stimulus Package

This is nothing but good news for the Economy but I really wonder at the end of the day, how much will this really effect my bank account? Hopefully this economic stimulus package will have a greater positive influence on the economy than last year’s.

So I just found out that California has just signed a budget bill (hooray). Too bad it calls for a raise in sales and income taxes (boo). I suppose now I have to do all my shopping online and out of state.

If you want to read more about California’s $130 billion budget, click here