Best Idea I've Heard Yet

[ImWithStupid]

If they are planning on spending the bailout money anyway, here's a plan to help the economy I can support.

 

Save Taxpayers, Not GM

 

Posted by: Erick Erickson

 

Monday, December 1, 2008 at 10:02AM CST

 

Rep. Louie Gohmert (R-TX), a member of the Republican Study Committee, has had enough of Congressional bailouts.

 

Right now there is $350 billion left of he $700 billion Congressional bailout funds. He has an alternative to more bailouts: a two month tax holiday.

 

Gohmert’s tax holiday plan is elegant in its simplicity: every American taxpayer would pay no federal income or FICA taxes for the first two months of 2009. For the typical American family -- earning about $50,000 a year -- that would mean they would keep about $2000 that would otherwise be paid to the government.

 

Gohmert’s plan doesn’t pay for Wall Street bonuses or let banks use bailout money to buy other banks or pay dividends. It doesn’t rely on bureaucrats to pay money out to the right people at the right time or try to stimulate the economy with token payments to people who don’t pay taxes.

 

Gohmert would like to hold the holiday in January or February of next year. It would cost approximately $332 billion, still cheaper than using the rest of the bailout money for a bailout.

 

Freeing individuals from two months of federal taxation would be a substantial benefit to families and the economy. “Those who can’t catch up on their mortgage get one-third of their money back each month and then they’ll be able to catch up on their mortgages. They’ll be able to refinance their mortgages, they’ll be able to buy stock that they can’t currently buy,” Gohmert said.

 

He added, “Somebody earning $72,000 would get a couple of thousand dollars back a month if we allow them to get back both income tax and FICA.”

 

RedState: Save Taxpayers, Not GM

 

 

 

Here is a link to a petition to show support of this plan...

 

 

https://redstate.kimbia.com/taxholiday

[Ahhlee]

No sh!t!!!

 

Let's save the many, not the few. Good post, IWS.

[Ahhlee]

Is the petition link not working for anyone else or is it just me?

[RoyalOrleans]

Dammit!

 

I was going to post this article!

 

Anyways... yes! It is a step in the right direction.

[Guest eisanbt]

Money and progress come from the top->down, silly chillins'

 

Can't have the regular folk crawling out of debt and consumerism; the social order would collapse! They might start thinking critically about themselves, pure chaos I tell you. Thus, it is imperative that we keep the vast majority of wealth in the hands of very few who can keep tabs of the 'leeches' below and prevent any un-pleasantries.

 

 

Hmm, I am quite disappointed with how unclever the above sarcasm is; I suck!

[RoyalOrleans]

Money and progress come from the top->down, silly chillins'

 

Can't have the regular folk crawling out of debt and consumerism; the social order would collapse! They might start thinking critically about themselves, pure chaos I tell you. Thus, it is imperative that we keep the vast majority of wealth in the hands of very few who can keep tabs of the 'leeches' below and prevent any un-pleasantries.

 

 

Hmm, I am quite disappointed with how unclever the above sarcasm is; I suck!

 

Hotdog! Huh???

 

Sarcasm is so hard to convey over the internet.

[eddo]

Sarcasm is so hard to convey over the internet.

 

yeah it is...

[Ahhlee]

yeah it is...

 

Uh, yeah...it SOOO is.

 

Sorry, I was just trying to fit in.

[Guest eisanbt]

Hotdog! Huh???

 

Sarcasm is so hard to convey over the internet.

 

To perhaps shed some light on this mystery, HOTDOG! GO! was on a large Serbian Billboard advertising, of all things, hotdogs.

 

Go peacefully now into the realm of the enlightened few.

[hugo]

I think allowing the unwashed masses an opportunity to improve themselves is a good thing. Allowing them to vote was a mistake.

[RoyalOrleans]

I think allowing the unwashed masses an opportunity to improve themselves is a good thing. Allowing them to vote was a mistake.

 

Maybe they'll buy soap instead of cigarettes.

[ImWithStupid]

I think allowing the unwashed masses an opportunity to improve themselves is a good thing. Allowing them to vote was a mistake.

 

We all know that Harry Reid doesn't want us stinky unwashed masses in the Capitol building to upset him...

 

Reid: We won't smell the tourists anymore

 

By Jeff Dufour and Patrick Gavin

 

POSTED December 2, 2008 | 11:00 AM

 

The Capitol Visitors Center, which opened this morning, may have tripled its original budget and fallen years behind schedule, but Senate Majority Leader Harry Reid found a silver lining for members of Congress: tourists won't offend them with their B.O. anymore.

 

"My staff tells me not to say this, but I'm going to say it anyway," said Reid in his remarks. "In the summer because of the heat and high humidity, you could literally smell the tourists coming into the Capitol. It may be descriptive but it's true."

 

But it's no longer going to be true, noted Reid, thanks to the air conditioned, indoor space.

 

And that's not all. "We have many bathrooms here, as you can see," Reid continued. "Souvenirs are available."

 

$621 million well spent.

 

Harry Reid Talks About Smelly Capitol Tourists