Comments on: Gohmert’s Bailout Alternative: Convert Paulson’s Last $350 Billion into Tax Holiday

By: thomasblair

thomasblair — Thu, 04 Dec 2008 16:54:25 +0000

However, two whole months of no tax withholding will create one hell of a tax revolt in the third month.

This is exactly why this will never see the light of day. When you’re strangling someone, you don’t loosen the grip.

By: The Liberty Papers »Blog Archive » Gohmert’s Bailout Alternative: My Letter To John Campbell (R-CA)

Thu, 04 Dec 2008 03:40:33 +0000

[...] this morning, Stephen Littau posted a novel idea by Rep. Louie Gohmert (R-TX) to use the $350B set aside for the 2nd half of the TARP program for a [...]

By: Quincy

Quincy — Thu, 04 Dec 2008 00:38:11 +0000

Tarran, I don’t think this will be effective economic stimulus either. I’d be willing to bet Gohmert doesn’t either. However, two whole months of no tax withholding will create one hell of a tax revolt in the third month.

One of the biggest problems with tax withholding is it anesthetizes the taxpaying public to what they’re really paying in taxes. While ending withholding permanently is a non-starter, we might just be able to sneak a two months break past the taxaholics on Capitol Hill. It’s subversive. I like it.

By: Brad Warbiany

Brad Warbiany — Wed, 03 Dec 2008 22:10:20 +0000

Despite it being ineffective, I support it.

I usually don’t support bailouts that will be ineffective in solving the problem. But when it’s coming my way, I’ll take it. Especially when it’s my own money anyway.

By: TerryP

TerryP — Wed, 03 Dec 2008 20:15:16 +0000

How would a plan like this effect someone who files quarterly because they are self-employed? At the end of the year do you get like 1/6 of your taxes off as a credit or something.

By: tarran

tarran — Wed, 03 Dec 2008 18:50:16 +0000

I am not impressed by this plan: without a reduction in government spending, it really won’t improve matters.

On the other hand, I love the idea of returning taxes back to the people. Despite it being ineffective, I support it.

By: Brad Warbiany

Brad Warbiany — Wed, 03 Dec 2008 16:09:08 +0000

Time to write a letter and fax it over to John Campbell (R-CA), my Congressman.

I highly recommend that anyone who wants to send a letter actually type out (or hand write) and fax it to your representative. Emails are not nearly as widely scrutinized, and with all the federal postal inspection of letters sent to Congressmen, there’s no telling how quickly they’ll actually receive something you send in the mail.

So fax it over if you want it be read and understood.

I’m sure I’ll post my letter when I send it.