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ALBANY - Outside the Leo O'Brien Federal building in Albany, a rally was held against the bailout. Protesters said it is just another giveaway to the rich.
"The wrong people are being bailed out. The people who should be bailed out are the working people, the poor people, not the wealthy billionaires that gambled and lost on wall street," said protester Jon Flanders.
"We're giving money to corporations, and really we need to be thinking about the people," added protester Mariah Dahl.
The call was for a recovery plan for Main Street, as well as for Wall Street. Some said, don't give in to the panic.
"I think if you're going to spend this kind of money, you ought to spend a little time figuring it out," said Flanders.
The Senate's version of the rescue plan includes a substantial tax relief package for a lot of people. Adjusting the Alternative Minimum Tax could save more than 20-million people thousands of dollars in their next tax bill..
Attorney Wayne Smith, who has been published on the Alternative Minimum Tax, said simply put: the adjustment means more people would not fall into that tax category, and would not have to pay more income tax.
"It probably would be beneficial to a majority of taxpayers with an income somewhere in the range of 70,000 to 100,000 dollars," he said.
For businesses, it also renews an expired research and development credit.
"The benefit would be that they would be allowed to expense the dollars that they spend in the year that they spend them, instead of having to wait an extended period of time to recapture the money that they spend on research and development," said Smith.
The tax breaks are designed to appeal to both sides. But opponents of the bailout said bottom line: there should be no blank check for Wall Street.
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