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Friday, December 05, 2008

2-Month Income Tax Holiday

As a much better alternative than the Pelosi-Reid-Obama-Paulson plan of multi-billion dollar bailouts, a Texas Congressman has proposed a 2-month income tax holiday in their place.

U.S. Rep. Louie Gohmert (R-Texas) has proposed that the federal government simply stop taxing citizens for 2 full months out of the year.

We, the citizens would get to keep the entirety of what we make without paying any taxes on it for 2 months.

For a family making $70,000 per year, this would mean over $11,000 of their annual salary would be entirely tax-free.

I believe this is an idea that's worth trying. Read the rest of the proposal at Human Events.

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