Monday, February 09, 2009

What makes more since, Cash in your pocket or the Stimulus Bill?

By Wendy Herman, TCOT Project Servant Leader 







Michael Patrick Leahy, co-founder of Top Conservatives on Twitter, has put forth an amazing alternative to the pork laden stimulus bill that the Senate is currently negotiating. At this date, we have not seen the "compromise bill" that turncoat Republican Senators Susan Collins, Olympia Snowe, and Arlen Specter have colluded on with their Democratic floor mates. However, we at TCOT are very certain that at almost $800 billion dollars it is still crammed with too much spending that will do nothing to stimulate the sluggish economy and put Americans back to work.
 
Mr. Leahy's entire plan can be seen here:
 
http://michaelpatrickleahy.blogspot.com/...d.html
 
This plan has one (single, lonely, effective) plank. IMMEDIATELY CUT ALL PERSONAL AND CORPORATE INCOME TAXES IN HALF FOR ALL TWELVE MONTHS OF 2009.
 
No new government offices. No frisbee parks. No swimming pools.
 
The "lost revenue" to the government would amount to about $800 billion, equal to what congress is recommending. However, that lost revenue would remain with you, the person who earned it. So we at TCOT got to thinking:
 
How would cutting our withholding in half effect our daily lives?
 
Thus, the TCOT CHALLENGE was born.
 
Below we'd like you to tell us what an extra 200, 300, 400 or more dollars a week would change in your world. What would you purchase? Where would you go? How would you invest it? If the government says that spending money drives this economy, what better way to reverse a down turn that pumping and immediate $60 billion into the economy every month. Hey, you earned it, why shouldn't you decide how it should be spent. We want to know specifically, how would PORKULUS (the current stimulus plan) benefit you personally in 2009? And would TCOT Plan or PORKULUS benefit you more?
 
Here is an example of how one family would use their hard earned cash:


http://michaelpatrickleahy.blogspot.com/...x.html


Please read the wider story at the source link







Related NowPublic Stories:



  1. Read It And Weep - The Pork-O-Polusa Amendment PDF!

  2. The Text of the Stimulus Compromise, Finally Arrives

  3. Stimulus Bill Hits Snag in the Senate: Filibuster Likely

  4. Canada Nervous over US Stimulus Plan


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