Economic Fix: No 2008 Income Tax

by LukeAmerica2020
The latest bailout bonanza number, which includes the Citigroup rescue, is $7.7 trillion. That’s roughly half of America’s gross domestic product. However, some of the rescue efforts involve mere loan guarantees, which may cost nothing.

Louie Gohmert, a Republican congressman from Texas, has a common sense solution for our economic woes … no bailouts, no stimulus, and no income tax … a refreshing idea of actually putting more money into circulation.

Like millions of Americans, Congressman Gohmert was upset to hear disconcerting reports that some of the banks receiving bailout money will not use it to make more loans or shore up “troubled assets.” Instead the bailout money will be used to buy their smaller competition, basically using tax dollars to monopolize banking which will also provide fewer sources of credit and loans.

“My idea may sound unconventional, but it is trillions of dollars cheaper than our current course. My proposal actually relies on our nation’s founding democratic principles that made us the greatest nation in the world before anyone ever heard of Mr. Henry Paulson!”

People from across the country have been contacting Representative Gohmert wanting to know what they can do to support the Congressman’s tax holiday proposal during January and February 2009 as an alternative to our government spending more on failed executive bailouts. Here’s what he recommends:

– Call your Congressman and urge them to support the plan. You can find your Representative by plugging in your zip code at House.gov (top-left text entry) 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.

 
Louie Gohmert with David Asman on Fox News’ Cavuto (2008-11-28):

 
Louie Gohmert with Jon Scott on Fox News’ Happening Now (2008-12-03):

 
Related References …

    Louie Gohmert: Tax Holiday Press Release

    HumanEvents.com: Pay No Tax For Two Months

    AmericanSolutions.com: A People’s Bailout

 


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4 Responses to Economic Fix: No 2008 Income Tax

  1. […] Instead the bailout money will be used to buy their smaller competition, basically using tax dollars to monopolize banking which will also provide fewer sources of credit and loans. More […]

  2. […] Economic Fix: No 2008 Income Tax « LukeAmerica2020 […]

  3. Kingtexas1 says:

    Signed Sealed and Delivered!
    Excellent Idea. I may be a little biased though, after all, he is my Representative.

  4. KingTexas1, IMHO, we need more folks thinking like him in Congress.

    We have yet to see the results of any of the trillions that have been given to the government’s bailout buddies … financial supporters, friends, and their own investment holdings. And, most of that money is just created out of thin air with the full expectation that OUR grandchildren’s children will repay it.

    But with Louie Gohmert’s plan, money would almost immediately get into circulation … that’s how you improve consumer confidence and redirect the economy!

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