Friday, February 6, 2009

My Stimulus Package

In my opinion, the best stimulus is to cut taxes and cut government spending---I am not a Keynesian. So to that end:

  • Eliminate the Departments of Education, Agriculture, Homeland Security, HHS, HUD, Energy, Labor, Commerce, Veterans Affairs, & Transportation
  • Essential functions (if any) of those departments would be subsumed into one of the remaining depts: state, treasury, justice, defense & interior
  • Eliminate federal & state income tax, social security, medicare & medicaid & unemployment insurance
  • Eliminate corporate tax---corporations cannot pay taxes, all of these taxes are paid by individuals--workers, consumers and investors--and then we pay tax again on this income on our personal tax returns
  • Institute a consumption tax
For many families the federal income tax is their single largest expense. Eliminating that expense will free up capital for consumption and investment. Of course, instead, Obama wants to tax us to oblivion to pay for global warming research and abortions.


To be continued.....

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