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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (5083)	2/17/2009 8:56:01 AM
From: Brumar89	1 Recommendation Read Replies (1) \| Respond to of 86356

I have heard Republicans* talk about temporarily cutting the payroll tax. I think that would be a good way of stimulating the economy. You could have a spending bill that replaces 50% of FICA taxes for six months. That wouldn't be tilted to the "rich" since there's a cap on FICA taxes. It would put money in consumers hands and let them decide on how it should be spent, not a bunch of politicians and lobbyists. FICA collections run around $66.5 billion (employee portion only) a month. Half that times 6 would be about $200 billion. A lot smaller than the porkulus bill. *BTW I heard Newt Gingrich mention this idea on Bill Bennett's show this morning.