Socialism doesnt work...we need tax rates at 0% for everyone including businesses for the rest of the year. Put money in the peoples pockets instead of growing government...this isnt that hard
that wont be a good idea with 0% tax. its would be the worst idea to fix the current situation.
1. it would mean that 0 goverment workers will get paid for a year that makes up a good portion of the spending population. it would only decent us even faster then we are at this point.
2 the national dept will shoot sky high which prohibit government spending on all their projects for the incoming years.
3 it would eliminate all government contracts bid or no bid. as a result, militiary contract will no longer be fullfill. the domino effects are unimmagentable. for example, the JSF (F35) program have been around since the early 1980s. only recently we are in production. to stop the processes flow at this point would put too many companies out of business because of their concitrated capitial investment. if that happens, it will take another 5-10 years and billions to restart the program to current status. it means that it would knock america's world tech dominiating status back 5-10 years. meanwhile china is closing the tech gap real soon. the econic impact along will be astranomical. our gas pricess will reflect the price the rest of the worlds is paying, because we can no longer musule our way in the global market.
those are a few that i can think of at this point.
the bottom line is that the government is pumping cash in to the market to delay the blow. hoping that the market will stablize before the full effect that is accociated with the bill.
what they need to do is keep the current tax budget, or increase it a little more to close the gap between national income and debt. and STOP spending on proks special intrest and other none critical project such as loading all the medical records electroniclly.
they need to put money back in to schools, into students, fix up inter states highways, directly building green housing and their leasing programs, improve current power grids for more energy efficencies, and reevaluate their current method of determining well fare to get rid of the leechers.