Obama's Stimulus - The government prints $800 billion for government to spend, thus insuring that the money will be spent as politicians and government bureaucrats want it to be spent. Plan adds $800 billion in additional debt.
Six Month Tax Holiday - The government prints $800 billion to replace the lost tax revenue needed for ordinary government expenses while people are spending the money they earned to stimulate our economy. Plan adds $800 billion in additional debt.
Either way we add $800 billion to our deficit.
Who gets the power to chose economic winners and losers?
Obama's Stimulus - Government makes the choices of who wins and loses. Winners include teacher’s unions, government contractors, politicians and businesses favored by government and political operatives. This plan grows government.
Six Month Tax Holiday - The people who actually earned the money get to choose the economic winners and losers through their spending decisions. Winners include private sector businesses that provide quality products and services. This plan grows the private-sector economy.
Either way $800 billion gets poured into our economy!!!
Who comes out with more power?
Obama's Stimulus - Enhances the power of government and promotes the cause of a state -controlled economy.
Six Month Tax Holiday - Enhances the power of the individual taxpayer/consumer and promotes the cause of economic liberty and the free market.
Power to the people? Or to government?
Who gets the happy ending?
Obama's Stimulus - Thrills those who love government
Six Month Tax Holiday - Pleases those who love liberty
Is there a detriment to the Gohmert plan? You betcha! And the flaw is fatal. If you declare a full tax holiday people are actually going to figure out how much they earn. No more of this “take home pay” nonsense. You get your whole paycheck. Now just imagine what happens in July with the withholding starts again.
Revolt.