A
aries115
Guest
I replied in one of the posts here with my version of a Stimulus package. I figured I make it a post in case anyone wanted to comment on it.
Here is my version of a stimulus package:
1) 20,000 Tax credit to businesses for any new hire or re-hire in 2009-2010 = $80,000,000,000, based on 4 million jobs
2) 10,000 Tax Rebate to individual who?s hired for a new job or rehired in 2009-2010 = $40,000,000,000, based on 4 million jobs
3) $10,000 Tax Rebate for anyone who purchases a home in 2009-2010= $4,820,000,000
4) $2000 Tax Rebate for individual who purchases a new car 2009-2010= $34,000,000,000
5) Cut Capital Gains tax by half to 12.5% for 2009-2010
= $18,750,000,000 gross, the net will be less
6) Government to subsidize 4% 15 year, 30 year, 40 year fixed interest Loans for any new home purchase in 2009-2010.
= $ 102,666,000,000 gross, government collected interest on loans $ 4,048,800,000 per year interest earned
TOTAL cost per year = $323,616,000,000 not including interest earned for mortgage interest and increased capital gains tax due to more people investing.
Now don't you think that would create some jobs and get the cash flowing again?
Here is my version of a stimulus package:
1) 20,000 Tax credit to businesses for any new hire or re-hire in 2009-2010 = $80,000,000,000, based on 4 million jobs
2) 10,000 Tax Rebate to individual who?s hired for a new job or rehired in 2009-2010 = $40,000,000,000, based on 4 million jobs
3) $10,000 Tax Rebate for anyone who purchases a home in 2009-2010= $4,820,000,000
4) $2000 Tax Rebate for individual who purchases a new car 2009-2010= $34,000,000,000
5) Cut Capital Gains tax by half to 12.5% for 2009-2010
= $18,750,000,000 gross, the net will be less
6) Government to subsidize 4% 15 year, 30 year, 40 year fixed interest Loans for any new home purchase in 2009-2010.
= $ 102,666,000,000 gross, government collected interest on loans $ 4,048,800,000 per year interest earned
TOTAL cost per year = $323,616,000,000 not including interest earned for mortgage interest and increased capital gains tax due to more people investing.
Now don't you think that would create some jobs and get the cash flowing again?
