This is an article from the Tyler paper and one you may not see in the Longview News:
Gohmert Proposes Skipping Fed Income Tax
By ADAM RUSSELL Staff Writer
"U.S. Rep. Louie Gohmert, R-Tyler, proposed that the U.S. government stimulate the country's economy by collecting no federal income tax this year.
Aside from the hundreds of billions of dollars in bailout money appropriated by Congress and the Senate recently, Gohmert said, total economic obligation has topped $7.7 trillion so far.
Gohmert said, as the current administration continues obligating trillions of taxpayer dollars to bail out failing businesses, a better, cheaper solution to revive the economy would be to suspend collection of the estimated $1.2 trillion the U.S. Treasury will receive in 2008.
"Secretary (of Treasury Henry) Paulson continues his unfettered spending spree and is driving our country further from the core capitalist principles on which it was founded," Gohmert said in a statement. "His and the Fed's bailouts in the past few months have set a dangerous and unmistakable precedent to nationalize or socialize our banking, insurance and investment firms; and now car companies and other industries, states and cities are also lined up with hands out.
"I am proposing that we end the giveaway power of Secretary Paulson and the Fed immediately and declare that taxpayers will pay no 2008 income taxes," he said.
Gohmert said the influx of money back into taxpayer's hands will create a surge in the economy. He said cars will be bought, houses will be built, mortgages paid, credit cards paid off and Christmas presents bought.
The stimulating effects of no federal tax would also provide a tax boon to states and cities that desperately need money to repair and build infrastructure, he said.
Gohmert said he 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' but will instead use the money to buy up smaller competitors, basically using tax dollars to monopolize banking."
He said these problems within the bailout signal why direct government intervention cannot and will not work. Gohmert proposes letting people that earn the money, the taxpayers, decide who gets bailed out by buying products and utilizing the companies that are best meeting their needs.
"My idea may sound unconventional, but it is trillions of dollars cheaper than our current course," he said. "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."
Thank you Louie for looking out for the little guy.
Monday, December 1, 2008
Sunday, November 30, 2008
Friday, November 28, 2008
Monday, November 24, 2008
It's almost Black Friday...Let The Buying Begin! And here is a little something to get you through the shopping. Yes, boys and girls, Old St. Trick is back in town. You can also pick up this year's Ultimate Christmas VOL 4 "Four Groovy Calling Birds" and the Bonus Album, "2O Big Ones - The 2008 Ultimate Christmas Bonus Album"
at Trick's Synthetic Podcast.
at Trick's Synthetic Podcast.
Wednesday, November 19, 2008
Tuesday, November 18, 2008
Monday, November 10, 2008
Wednesday, November 5, 2008
To My Democrat Friends Looking For Free Music...
...due to the dubious outcome of the recent "election" the management of Stupid Rabbit will no longer be contributing "free music" by charity. Hopefully, the new administration, in their increased taxation plans, will be redistributing "free music" with their time of change. When taxes increase, charity suffers. Sucks, don't it.
This blog is now signing off, until further notice.
Tuesday, November 4, 2008
Meet your new VeeP ...
...you believe this "ace" is one heart beat any from the presidency!
Joe The racist comic:
Joe the math genius:
Joe, as Mr Sensitivity, as he introduces a paraglegic State Senator:
Joe The racist comic:
Joe the math genius:
Joe, as Mr Sensitivity, as he introduces a paraglegic State Senator:
Friday, October 31, 2008
November is...
...ready to go. So come on over for an "Twisted Accordian Soul Party" only at:
Trick's synthetic Podcast
Subscribe to:
Posts (Atom)