SO, HELP AMERICANS TO HAVE MORE MONEY — NOW!
The following letter was published by The Times, The Post-Tribune, and The Shopper which are in the south Chicago suburbs and northwest Indiana.
It may have been published elsewhere, too.
LETTER TO THE EDITOR January 29, 2009
OBAMA’S PLAN FAILS TO SOLVE THE PROBLEM!
President Obama’s economic stimulus plan offers big spending and some tax cuts which fail to solve the problems of most Americans. Working Americans need a FLOOD of financial help – NOT THE “TRICKLE” THAT OBAMA OFFERS.
Big government spending programs take months or years to put into place. Even then, only a trickle of the money spent gets to the average American after government bureaucrats and government contractors get most of it.
Tax cuts are quicker, but not quick enough for what is needed.
I suggest a very different economic stimulus. Here it is.
1. Eliminate federal income, Social Security, and Medicare taxes for individuals earning up to $100,000 and for married couples earning up to $200,000. That’s right! Stop taking money from the people who need money to pay for food, clothing, housing, medical care, transportation, etc. These people need the money to pay their existence expenses. Isn’t that fair? After all, businesses and corporations have always been allowed to subtract their existence expenses from their gross receipts. For most Americans, their wages are their gross receipts. Why shouldn’t they keep the money that they need for their existence expenses before paying anything to the federal government just as businesses and corporations do?
2. Cancel and immediately refund all federal income taxes paid by individuals earning up to $100,000 and all married couples earning up to $200,000 during the last two or three years. Businesses and corporations have been allowed to average income for decades. This would just be playing fair with working people and putting money back into the hands of people who need the financial relief to avoid disaster.
People need to pay their rent or mortgage now! People need to have money to survive the crisis now! People need to keep their jobs or get jobs now! Give back the people’s money to the people and let them pay their bills and buy cars, homes, and other things NOW!
My economic stimulus proposal would provide immediate and substantial financial relief for most Americans who need that help and need it NOW!
Woodrow Wilcox of Griffith, Indiana
Read “END ANTI-HUMAN INCOME TAXES” at www.woodrowwilcox.com