We saw what President Trump's reduction in taxes did for our Nations economy - it jumpstarted an incredible recovery. Steve Cortes takes this to its logical extreme at Real Clear Politics:
Forget Pelosi's Boondoggle Bill -- Take Taxes to Zero Instead
After spending most of the pandemic crisis on vacation, an ice cream-fortified Speaker of the House Nancy Pelosi finally emerged from her magnificent kitchen to propose a behemoth mess of a spending bill to allegedly save America’s faltering economy. Her 1,815-page proposal forms the “War and Peace” of legislative monstrosities. In fact, the endless big-government wish list contains generous payments for illegal immigrants, tax credits for wealthy residents of high-tax states, massive grants to fiscally irresponsible states, a national prohibition on identification for voters, and even federal loans for lobbyists.
This $3 trillion disaster would massively balloon the federal debt only to consolidate administrative state power and deepen dependency on federal programs. We conservatives should of course reject this proposal, but we must not only be agents of negation. Instead, it is time for the America First movement to proffer workable alternatives that can provide a badly needed boost to American workers and small businesses.
And the solution:
Given the scope of this problem, our response must be big, bold, and swift. So, in contrast to Pelosi’s government leviathan blueprint, I propose a simple, elegant, and immediate economic propellant: eliminate all federal taxes for a recovery year.
Putting the Internal Revenue Service on furlough would provide an immediate pay raise for the 120 million Americans still working. Even the still-employed badly need reaffirmation, and allowing our citizens to keep virtually all of their earnings can rebuild and reinvigorate the psyche of a country badly damaged by the coronavirus and the concomitant wide-scale societal shutdowns. As many parts of America reopen, the surest way to add vigor to the restart is cash in the bank accounts and pockets of workers. But rather than some centrally planned, top-down command structure, taking taxes to zero will empower millions of Americans to make their own informed decisions about spending, hiring, and investing.
Brilliant. Pelosi's plan will allow the Democrats to consolidate their power and bail out failing states (Democrat run). It is us taxpayers who will be taking the hair-cut to fund this scam.
Steve's plan makes the Federal Government take the hair-cut. Perfect. They are too bloated as it is already.
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