Alternative Economic Stimulus Plans
I don't like the economic stimulus plans of either the Government or the candidates. With the October 15 deadline for filing our 2007 tax returns a few days away, I've been focused on tax issues. Here's what I would propose for next year.
- Something similar to the donation boxes for social causes on our tax returns, whereby we could specify an amount up to $10,000 of the taxes we are paying and fill in details of our credit card accounts, and the government would send that amount to the credit card companies and our debt would be reduced. This would give the credit card companies money so they could extend more credit and give consumers more money to spend.
- A moratorium on credit card interest for 180 days. The moratorium on home foreclosures is a great idea for those whose homes are at risk, but it does nothing for renters or homeowners who are current on their mortgages. It's only fair to give everyone a break.
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