taxpolicycenter.org/legislation/allyears.cfm After a cause and effect analysis of the past, it is easy to see that during difficult times government must step in and resolve economic stresses. The best way to resolve conflict is, first and most important, not to place blame. From here, we can clearly see the success of our predecessors. In the past corporate tax increase have been installed on the producers of consumption goods of the real economy, but todays economy is centered on the production of wealth in a financial economy, any tax increases should be centered on that portion of the system it produces no products for consumption. All other tax cuts should remain in place, in this case the Bush tax cuts. The second part is attached to consumer spending, and confidence in government with 2 parts. First the tax relief by its self with not effect an increase in spending because it does not generate or change income, a temporary suspension of the Federal gas tax, combined with a new stimulus package directed at consumer debt. Much in the same way other stimulus checks are sent to households. This must be large enough to effect the debt of consumers and implemented with a payment a fixed is mailed out twice a year, persons filing single in amount of $5000 and 10,000 join pr., payment for 2 years. Cost of program is covered by the financial system because they have benefit the most in the past and will well into the future. Other necessary funds come from cuts in defense spending. This program is a debt reduction in the short run for consumers, it restores confidence in government and improves quality of life. The second part of long term success is with full funding of education from birth to higher education, combined with the implementation of the health care exchange as it is described in HR- 3962,
Posted on: Wed, 03 Jul 2013 12:52:56 +0000
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