Posted by
antiDave on Thursday, February 19, 2009 4:47:01 PM
A real stimulus plan.
Eliminate personal income tax, reduce corporate tax rate to 7.5%, then in 12 months, Institute a national sales tax of 22% on everything except food under $10 per pound and clothing under $30 per item. Also any primary residence is tax free, investment property will be 2% max.
It will be a hefty 1 time cost, maybe 1.3 trillion, however, the sale on making money would create an environment so beneficial to business investment, our biggest problem will be getting enough workers. The 12 month period will provide the time the market will need to find the true bottom of product prices, before we return to paying taxes.
Can anyone give me a better way to create permanent jobs?