Texas Rep. Wants Tax Holiday to Replace Bailout
Rep. Louie Gohmert (R-Texas) is crafting legislation to convert the third portion of bailout funds into a tax holiday for Americans in 2009.
Gohmert is crafting legislation to suspend income and FICA taxes on workers for January and February of 2009, while suspending the final $350 billion installment in Treasury Secretary Henry Paulson’s financial assistance package.
“This plan would provide a needed stimulus using the free market principles on which this nation was founded, while being more of a common-sense approach than giving billions of dollars and unmatched power to one man,” Gohmert told The Hill. “To say that Washington knows best how to spend other people
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