Republican Senators using their brains.
WASHINGTON (Reuters) – A group of Republican senators on Tuesday offered a $445 billion alternative plan to boosting the ailing economy, about half of which would be in the form of tax cuts.
The stimulus package would include cutting payroll and income taxes for a year, as well as lowering the 35 percent corporate tax rate to 25 percent and offering home buyers a tax credit worth $15,000 or 10 percent of the purchase price, whichever is less.
Think about it. All you folks with jobs out there. Imagine taking hundreds of dollars more home every month in your paycheck. That’s a real stimulus, is it not? Imagine the things you could do with that money. You could add it to that savings account that you’re accumulating to put a down payment on that new home, right? Which would dovetail nicely with that $15,000 credit on new home purchases.
Now this is a stimulus that makes sense. Not that putrid, foamy stuff that’s spilling from the Democrats’ mouths these days.
Think about it.
Filed under: Economics, Politics | Tagged: Democrats, Liberals, Politics, Republicans, stimulus, Tax
