Nov 18

Good Idea: A Bailout that would work

Good Ideas, Politics, Taxes Add comments

image thumb95 Good Idea: A Bailout that would work
New economic trajectory

Use the $700 billion TARP funds for:

  • Cut corporate income tax to 15%
  • Eliminate capital gains and dividends tax
  • Cut top personal rate to 15%
  • Kill the death tax
  • Fully expense capital assets in year 1

This would not just bailout the economy it would IGNITE it.

2 Responses to “Good Idea: A Bailout that would work”

  1. carl Says:
    November 19th, 2008 at 5:47 am

    Such a great faith in supply-side economics! Do you have any credible economic evidence of the economic gain to GDP and long and short term effects on federal revenues? The supply-siders’ general problem is that the economists are not finding the kind of effects promised, partly because the economy is so complex and responsive to so many forces that the effect cannot be confidently attached to any one or few policies. The theory sounds good, especially to the people who would pay the lower taxes, but the results from trials of various parts of it over the past nearly thirty years show only vague results.

  2. Ken Says:
    November 19th, 2008 at 8:04 am

    I don’t give a rats ass about short term federal revenues. This is $700 billion being printed. I merely suggest how to spend it wiser than giving it to failures.
    I think, in general, letting people who succeed decide how to invest their success is better than career apparatchiks like Obama or Barney Frank decide who to give it to.