Tuesday, December 02, 2008
Economic Stimulus Plan - Income Tax Holiday
Congressman Louie Gohmert from Texas has a great idea for a Economic Stimulus package. A 2 month tax holiday where you keep your entire paycheck. No Income Tax, FICA or Medicare deducted from your pay check.
This is a GREAT idea! Contact your Congressional Representative and urge them to support this bill. If every American called, wrote, e-mailed their representative and asked that they support this effort they would have to get it done. We need new ideas. Not the old worn out ideas of the past. This is fresh and it would work.
Help me spread the word!
CONVERT PAULSON’S LAST $350 BILLION INTO TAX HOLIDAY, SAYS U.S. CONGRESSMAN
He stated, “By instating a temporary tax holiday, we could electrify the American economy and provide overwhelming relief to taxpayers, all for less than the cost of the current failed Paulson-Pelosi bailout system.”
“We need to give this money to the people who earned it. I am sick of Washington millionaires trying to decide which of their cronies should get the next wad of taxpayer money,” Rep. Louie Gohmert continued. “Think about how much you would have if you didn’t have any social security or income tax withheld from your pay check, or if you didn’t have to pay those taxes for January and February! Americans could take and invest their own money where they believe it should go - to paying down mortgages, buying a new car, making credit card payments. The economy would get relief where it is needed the most. Why try to decide how to prevent foreclosures? Just give taxpayers their own money to catch up on their payments. Those in lower income brackets who are hit the hardest by the FICA tax would see huge money back, and then THEY could choose who should benefit from their hard earned money. Even the self-employed and small business owners would receive a fantastic amount of their own much-needed money, and they will be able to invest that back into their businesses and even create the ability to hire more people.”
Gohmert is currently preparing a bill to declare the tax holiday for January and February of 2009 and is also gathering support at the same time. He said, “We can save more home mortgages, increase employment, and boost economic growth for a lower price tag with this plan than with any centralized bureaucratic program, all by giving the power back to the taxpayers. I am demanding that not another penny goes to executive bailouts, but these billions of taxpayer dollars should go to the taxpayers who earned them.”
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