ALERT! TAX HOLIDAY FOR AMERICANS? IMAGINE THAT!
Pay Attention To This Video And This Congressman – then read the rest!
How about this for a XMAS present? Ya’all might want to check this out and get with the Congressman. This is definitely a scaled down version of my idea of giving every American $250,000 as economic stimulus, but it works for me.
U.S. Congressman Louis Gohmert (R-TX) came out with a press release back on November 28th titled: (my emphasis added)
Convert Paulson’s Last $350B into Tax Holiday, says U.S. Congressman
“Billions of Dollars for Taxpayers, but Not One More Penny for Executive Bailouts”
WASHINGTON, D.C. – As millions of Americans are hoping to maximize their holiday shopping budgets on today’s Black Friday bargains, one U.S. Congressman is fighting to prevent more outrageous spending sprees by Washington with taxpayer dollars going to executive cronies.
With $350 billion of the $700 billion bailout still available to Paulson pending Congressional approval, a conservative Texas lawmaker is proposing to put that money towards a tax holiday from both personal income tax and FICA tax for Americans during January and February of 2009.
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.”
According to American Solutions, a conservative think tank founded by former Speaker of the House Newt Gingrich, Americans pay $101.6 billion per month in personal income tax and $65.6 billion per month in FICA tax. Under Gohmert’s proposed plan, all of these taxes would not be paid during January and February of 2009, and the money would stay in the hands of American taxpayers – the ones who best know where economic stimulus should be targeted. Gohmert’s two month tax holiday would stimulate the economy while costing less than the remainder of the Paulson-Pelosi bailout plan.
Rep. Louie Gohmert (TX-01) has also recently proposed returning all 2008 income taxes to American taxpayers as a solution to boost the ailing economy, as he believes taxpayers, rather than the government, should be using their hard-earned money to choose the economy’s winners and losers.
If you’d like to support Rep. Gohmert’s plan and tell Congress to put an end to the government’s excessive bailouts, sign the online petition at RedState.com by clicking HERE, or paste https://redstate.kimbia.com/taxholiday into your web browser.
I am one of those freaks of nature that believes that if we are about to sign our financial future and the financial futures of our children and grandchildren away, then WE had better be the ones getting that cash to invest and buy property and start some kind of legacy for our children – they are the ones who are going to be paying for it.
HOW YOU CAN SUPPORT GOHMERT’S TAX HOLIDAY PROPOSAL
Press Release : FOR IMMEDIATE RELEASE
December 3, 2008
People from across the country have been contacting Rep. Louie Gohmert wanting to know what they can do to support the Congressman’s tax holiday proposal during Januray and February 2009 as an alternative to our government spending more on failed executive bailouts. Here’s what we recommend:
– Call your Congressman and urge them to support the plan. You can find your Representative by plugging in your zip code at www.house.gov and calling them through the Capitol switch board at 202.224.3121.
– Contact your local media stations and urge them to push the issue.
– Sign the online petition at RedState.com by clicking here or pasting https://redstate.kimbia.com/taxholiday into your web browser.
For more information about the plan, you can read Rep. Gohmert’s official statement here. You can also read Jed Babbin’s recent article found here in Human Events, or view the Newt Gingrich’s Solution Overview on his American Solutions website. The Congressman’s recent interview with Neil Cavuto on Fox Business can be viewed here.
If you want to see videos of a politician who is actually saying what we think, go here. If you want to know more about the Congressman: Research Links: Congressman Louis Gohmert, Open Secrets and Govtrack.us (Since we all should know more about the people running our government, I am going to make it a bit easier.)