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Wednesday, April 01, 2009

House Republicans Call for Stimulus Repeal in Budget Plan

Presidential Politics | Political News - FOXNews.com

House Republicans are calling for the economic stimulus package passed in February to be rescinded starting in 2010 as part of their alternative to President Obama's budget blueprint...

...The GOP plan also proposes major changes to the tax code. It would allow taxpayers to either file under the current system or choose a simpler option: Individuals earning $50,000 or less, and couples earning $100,000 or less, would be taxed at 10 percent. The rate for income above $100,000 would be 25 percent...

I, personally, favor the Fair Tax proposal. It is the best proposal that I have seen. Among it's plans is the repeal of the 16th Amendment and the institution of a sales/consumption tax. I definitely recommend that, if you haven't already investigated it, you should look into the Fair Tax.

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