Where were we? Ah yes, we were going to suspend payroll taxes to provide the stimulus in the correct amount, to the correct people, and with the correct incentives.
We are going to get some stimulus soon, perhaps as soon as Jan 20, 2009. So the question is: what kind of stimulus is going to give us the best bang for the buck and best stimulate the economy? In the next two posts, I will show that the best damn stimulus is for there to be a payroll tax holiday for U.S. taxpayers.
We can agree on a few obvious criteria for the stimulus, I think.
- The stimulus must be big to be effective.
- It must be effective as soon as possible.
But wait, I think there are other criteria too! See more after the fold!
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