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Bush considering $800 tax rebate to boost US economy: report
Posted: Fri Jan 18, 2008 6:56 pm
by Stephen Eisel
wow not
How about suspending all payroll taxes for 60 days or no federal, state or local taxes on gasoline for 6 months???
good advice
Posted: Sat Jan 19, 2008 10:43 am
by ryan costa
How is he going to pay for that? Since our present economic woes are the result of most people and the feds borrowing too much money during all those years of "strong economic growth and fundamentals"...
The best thing to do would be to restore income and corporate income taxes to the Eisenhower era levels. Or at least 50 percent top bracket rates. In addition, loopholes which subsidized or gave massive incentives to build enormous shopping centers could be eliminated. We have enough empty retail space.
since social security taxes generate a massive surplus to the social security administration, they can be cut drastically. The reagan administration raised social security taxes drastically. Since these taxes are presently a regressive income tax, they can be extended to all income brackets. Social Security will stop subsidizing the Reaganomics deficits once Reaganomics is eliminated.
An Across the board minimum tarriff of 15 percent on all imports should be mandated, the only possible exceptions being oil and fuel. Highly perishable food imports (such as refrigerated meat and seafood and fresh produce) from Asia should be banned: Its simply too far away to be congruent with a sane energy policy: there are enough nearly starving people in asia anyways. They need food more than access to american television programs.
Subsidies to sprawl should be eliminated. This will reduce the housing surplus. It will end the process by which nearly the entire middle and upper working class populations move out of cities and older suburbs every twenty years.
There are room for a lot of expense cuts. We can close most of our military bases in Europe and East Asia. We don't import oil from those regions. The Soviet Union is gone. China and Japan trade a lot with each other. We trade several thousand times more with China than we did 20 years ago.
we can commute the sentences of everyone in prison for Marijuana offenses and stop policing marijuana. Its no worse than alcohol. That will save a few ten billion dollars a year in budgets: that's money that can be spent fighting terrorism or building a bridge to the future or something. Marijuana is so easy to grow that if you decriminalized it there would be no money in growing it. I guess there would be no money for lawyers defending people who get caught trafficking in it either.
If we stopped encouraging everyone to go to college the education system would improve and get less expensive. encouraging underperforming students to work in the trades or as laborers would reduce our "reliance" on illegal immigrant labor.