Cut Payroll and Capitial Gains Taxes To Help Stimulate The Economy

The incentive program cash for clunkers has become a popular program for new car customers across America and is helping stimulate car sales in a bad economy. Therefore, I personally believe that the best way to stimulate the overall economy in America is a cut in the payroll taxes and capital gains tax cuts. If you cut payroll taxes in half you will stimulate jobs but also, help keep existing jobs in America. The deficit early in the payroll tax cut program will jump but it will be offset by creating more jobs and more revenue for the federal government. Payroll tax cuts would not be my first choice as a stimulus measure like personal income taxes, but there is a strong case for including some tax-side measures in the stimulus package and they would probably be my first choice of tax cuts included. The key concept by Conservatives and Moderates in Congress seem to be that it is crucial to avoid spending any stimulus money on helping people in financial need, so this what you get a terrible Stimulus plan. This stimulus plan By Democrats is indefensible that a plan worth a trillion dollars of taxpayers money does not include any FICA provisions. A payroll tax holiday would be is tremendously stimulative, it puts money back in the pockets of those who are employed and it makes a new hire much cheaper for anyone considering the same as well as overall business cash flow in a way that could allow for jobs to be saved, meaning higher household income for Americans than otherwise would be the case leading to more spending. Capital Gains Tax cuts could be one of the best ways to jolt a sick economy. Capital Gains tax cuts will also, increase the revenue towards federal and state governments. This will also, put more money in the hands of investors so they can create jobs for the American people. The Democrats will argue that capital gains tax cuts only help the rich but helping the rich also, helps the average American because they create the jobs in a struggling economy. The Democrats will say that only 7-10% of all American can take advantage of capital gains tax cuts. But I want to remind Democrats if you invest in any way in the stock market with a 401k the capital gains tax cut could help your nest egg grow with new investment in the markets. Finally, a good tax incentive program always works in America so, just put money back in the hands of average Americans and they will jump start a sick economy.