|Sunday, December 07, 2008||ISSUE #528|
Tax relief plan picked up by Congressman
#528 December 7, 2008
COLUMBUS: Every once in a while one of my ideas strikes a chord with Congress. Maybe not all 535 of 'em, but at least one Congressman.
See, back in October I suggested the government let everyone keep their income tax payment for December to stimulate the economy. Last week, a Congressman from East Texas, Louie Gohmert, picked up on my idea, except he wants to double it to two months and let you keep the Social Security payment also. Being too late for December, he proposes January and February.
Mr. Gohmert says the total would amount to $325 Billion, which is less than the $350 Billion Secretary Paulson is still trying to divvy up. So write your Senators and Congressman and get behind the Gohmert-Rogers Plan. Let the folks that pay the taxes do the dividing.
Any of you fellows that are too broke to buy her a Christmas present, you can make it up to her Valentines Day. Instead of chocolates and roses imported from Europe, get her a Chevy.
Mr. Paulson would still have $25 Billion to hand out, which is about what the car companies requested. Do they deserve it more than a big city mortgage banker? Well, ask this question: how many cars does Detroit sell on easy payments to folks who can't afford the car unless the value goes up? The answer is very, very few. And it will stay that way unless Congress puts itself in charge of the Sales Department.
In more important news, the college football championship will come down to Oklahoma against Florida. There's some folks in Texas and California that wish there was a better plan for a championship series, even in Pennsylvania, Utah and Idaho. But they'll have to wait till next year, and maybe ask President Obama to bail out the big Bowls.
Historical quotes from Will Rogers:
"You could transfer the Senate and Congress over to run the Standard Oil or General Motors and they would have both things bankrupt in two years." WA #307, Nov. 11, 1928
"Automobile prosperity is based on what they call the 'quick turnover.' With all these cheap cars developing sixty and seventy miles an hour, and our improved roads and many sharp turns, you are going to see the greatest turnover in the automobile business this country ever witnessed. Undertaker shares will go higher than General Motors." DT #505, March 9, 1928
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