George Bush’s economic stimulus package will give individuals who have an income between $3,000 and $75,000 check amounts of $300 to $600, according to www.jbs.org/. Married taxpayers who earn up to $150,000 will receive $1,200. According to CNNMoney.com, “The package also includes tax breaks for equipment purchases by businesses, as well as payments to disabled veterans and some senior citizens.”
Critics of the measure included Congressman Ron Paul. In his weekly column, Paul stated: “I am in favor of taxpayers getting some of their money back, however temporary tax cuts and one-time rebates will not ‘fix’ the economy. What we desperately need right now is real deep, significant tax cuts that are enabled by big spending cuts and reduction of government waste that is so rampant.”
I agree. The government is merely returning money that was ours to start with. Instead, Congress should abolish the Marxist Progressive Income Tax by repealing the Sixteenth Amendment and allow us to invest in unregulated production for prosperity.
Frank M. Pelteson
Las Vegas, Nev.