Posted on 01/12/2009 6:20:14 AM PST by Invisigoth
A great economic stimulus proposal by Rep. Louie Gohmert of Texas has gotten lost in the midst of bailout mania, spending madness, political scandals and the media’s pom-pom parade for President-elect Barack Obama.
It’s called a tax holiday.
Rep. Gohmert has introduced legislation (H.R. 7309) that would suspend all federal income tax on wages earned and FICA withholding for two straight months. According to American Solutions, headed by former Speaker of the House Newt Gingrich, it would cost less than the remaining $350 billion in already authorized bailout funds.
More importantly, the tax holiday would be a direct stimulus to the economy by allowing workers and families to decide how to spend or save their money, instead of another round of pork barrel derby in Congress.
(Excerpt) Read more at northstarwriters.com ...
It would also help people to CLEARLY see just how much of what they earn is taxed.
Never will pass because Normal Joe’s in the country would get use to keeping what they really earn and realize just how much is being taken from them and would stir a Tax rebellion BIG TIME when the Taxes came back. Congress Kritters know this and will not pass it.
Bingo!!
(I will still contact my reps in Congress to support it.)
Then we have to find a way to unlose it by publicizing it from the bottom instead of the top through all means at our disposal where people can see it: sig files, Facebook status, etc. Bottoms up!
Will never happen because there is no tax break for those who don’t pay taxes.
I'm not banking on it though.
Congressman Gohmert has a fantastic idea. However, it doesn’t stand a snowball’s chance in hell. Look who’s in charge now.
info@gohmert.com
fax: 903.534.8495
903.939.1101
The above info is via his campaign.
You could also call his office: (202) 225-3035
(202) 226-1230 fax
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