President Obama’s economic stimulus plan offers big spending and some tax cuts, but fails 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.
Here is an alternative to get money to people who need it NOW!
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.
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 years. This would help by putting money back into the hands of people who need the financial relief to avoid disaster.