How would you stimulat the economy?

[davbrucas]

-Give everyone 100-200pts on their credit scores and see what happens...
-Give small business owners tax breaks and bail out money

What else?

[Vertnut]

In conjunction with your suggestions: 1) Offer everyone 4% mortgage rates...new and existing.
2) Tax breaks for companies that manufacture here in the states, and hikes for those that don't.

DO NOT bail out foreclosed homes or businesses that are doomed to fail (AIG for one).

[Slowhand]

Absolutely nothing. I know, the government keeping their filthy fucking hands off of anything is a ridiculous proposition.

[sc281_99-0135]

Cut govt spending....DRASTICALLY.
Totally demolish entitlement spending except for the truly disabled, and extreme elderly(ones who cannot go back to work)

Lower the capital gains tax to 0
cut middle tax rate down to 15% flat earning up to 100k. temporarily to get these people to start spending money again.

[GhostTX]

Suspend capital gains tax for a few years.
Abolish inheritance tax.
Keep Bush tax cuts.
Open up off-shore drilling.
Open up ANWR.

[stinginstang]

Suspend capital gains tax for a few years.
Abolish inheritance tax.
Keep Bush tax cuts.
Open up off-shore drilling.
Open up ANWR.


Drilling wouldn't do much for the economy right now. Nobody wants to drill at this price now but I'm all for the other two.

[exlude]

Absolutely nothing. I know, the government keeping their filthy fucking hands off of anything is a ridiculous proposition.

Pretty much.

[GhostTX]

Drilling wouldn't do much for the economy right now. Nobody wants to drill at this price now but I'm all for the other two.
But by the time we need to, it'll be too late.

[stinginstang]

But by the time we need to, it'll be too late.

I agree - just don't think it would do much to stimulate the economy. Would probably be good for stock in drilling companies right now...

[AL P]

Give out $2000 stimulus payments so we could all make it rain in tha club!!!

[Big Pencil]

Implement the same manufacturing benefits Ireland did several years ago, to encourage companies to come back to the U.S. and set up shop and begin producing things here again.

[TexasDevilDog]

Tax changes:
No taxes earned income from bank accounts.
Get rid of most taxes in favor of a flat tax or a value added tax system.

Changes to banking regulation:
Max 80% LTV for a house purchase.
Max 80% LTV for a business loans.
Max 90% LTV for a secured customer loans.
Max 25% unsecured credit limit to annual income.

[mustangguy289]

WORLD WIDE MOVEMENT FOR EVERY CITIZEN TO NOT PAY TAXES NEXT YEAR. We have10 months to do it... anyone with me.

We all file... if you get a return take it... if you owe do not pay. If the entire country would do it it would bankrupt the gov. Fun times then a civil war will probably happen. We need it.

[TexasDevilDog]

WORLD WIDE MOVEMENT FOR EVERY CITIZEN TO NOT PAY TAXES NEXT YEAR. We have10 months to do it... anyone with me.

We all file... if you get a return take it... if you owe do not pay. If the entire country would do it it would bankrupt the gov. Fun times then a civil war will probably happen. We need it.

Interesting idea. I am not sure what the government would do if a couple million tax payers decided not to be raped by the government next year.
:Thinkingof_:

[mustangguy289]

Interesting idea. I am not sure what the government would do if a couple million tax payers decided not to be raped by the government next year.
:Thinkingof_:

I am not sure how that made it into this thread. I swear I was reading the John McCain thread when I typed that?

[HOOCBB]

In all seriousness...

Suspend the Federal income tax (keep paying into SS) for 6 months and do not play "catch up" the rest of the year. This would put the "stimulus" in the hands of the people that TRULY drive the economy, the consumer. Not only would that increase a person's ability to pay their bills, but it would allow companies (from retail to manufacturing) the ability to hire more employees, thereby reducing unemployment numbers.

Sure it will send the government further into debt, but Obama and the Socialist Left are already doing that anyway. However, with more employees on the tax rolls when the suspension is over, the federal tax revenue would actually increase with the need to increase any taxes.

[Juiceweezl]

Tax changes:
No taxes earned income from bank accounts.
Get rid of most taxes in favor of a flat tax or a value added tax system.

Changes to banking regulation:
Max 80% LTV for a house purchase.
Max 80% LTV for a business loans.
Max 90% LTV for a secured customer loans.
Max 25% unsecured credit limit to annual income.

I like most of this. I like the eliminate income tax all together, then charge a higher sales tax, a higher rate/tax for a driver's license and to operate cars, etc. (in turn, I believe insurance rates would drop offsetting higher fees to drive IF law enforcement would follow up).

I would also like to see a limit/tightening of what some people count as deductions -- especially something to the likes of a 2 kid minimum. You could apply that to welfare payouts as well. I wonder how many poor, single mothers would continue to be a baby factory if they knew they wouldn't get a check beyond the second one?

[big_tiger]

Tax changes:
No taxes earned income from bank accounts.
Get rid of most taxes in favor of a flat tax or a value added tax system.

Changes to banking regulation:
Max 80% LTV for a house purchase.
Max 80% LTV for a business loans.
Max 90% LTV for a secured customer loans.
Max 25% unsecured credit limit to annual income.

I like most of this. I like the eliminate income tax all together, then charge a higher sales tax, a higher rate/tax for a driver's license and to operate cars, etc. (in turn, I believe insurance rates would drop offsetting higher fees to drive IF law enforcement would follow up).

I would also like to see a limit/tightening of what some people count as deductions -- especially something to the likes of a 2 kid minimum. You could apply that to welfare payouts as well. I wonder how many poor, single mothers would continue to be a baby factory if they knew they wouldn't get a check beyond the second one?

All great ideas, I was thinking about the higher sales tax, and removing income tax. That would promote saving, and investing. Drop corporate taxes down to Irelands, and China's level, so no one else moves there business out of the country.

X1235468521 on the minimum deduction on kids, but I would definatly apply that to welfare. I would have welfare expire after two years, unless you are on 60% or more disability. Pretty much if you really, REALLY couldn't work.

ELIMINATE WELLFARE, AND MEDICARE FOR ILLEGALS!!!

I am not sure how good idea this would be, but no government school grants just because you are poor, and have more because you did well in school. Make it easier to get loans (poor, or rich), that you HAVE to start to pay off after four years after you get a degree. NO BS where you can keep going to school to not pay off student loans. You made a loan for X degree, you received the degree, within four years you have you have to start paying it back, NO EXCEPTIONS.

Anyone else care to add to this? Maybe we could patch the holes in our plan and post it up on a blog to Obama, lol. :biggrin:

[TexasDevilDog]

I was thinking about the higher sales tax, and removing income tax. That would promote saving, and investing.

Yes, someone thinking of how tax policy can encourage a stronger economy. :stupid:

[big_tiger]

Yes, someone thinking of how tax policy can encourage a stronger economy. :stupid:

On another note, I think we need to word "Equal Taxes" differently. Telling a friend that you believe we should pay equal taxes, does not sound like what it really is. To a lot of people that sounds like someone that makes $50k a year pays $3000, and someone that makes $20k pays $3000 as well. Saying that we should pay the equal percentages in taxes, is more correct. That way you can tell your friend that way the "rich" guy still pays more.