Press Release : FOR IMMEDIATE RELEASE
November 28, 2008
Convert Paulson’s Last $350 Billion
into Tax Holiday, says U.S. Congressman
"Billions of Dollars for Taxpayers, but Not One More Penny for Executive Bailouts"
WASHINGTON, D.C. - As millions of Americans are hoping to maximize their holiday shopping budgets on today's Black Friday bargains, one U.S. Congressman is fighting to prevent more outrageous spending sprees by Washington with taxpayer dollars going to executive cronies.
With $350 billion of the $700 billion bailout still available to Paulson pending Congressional approval, a conservative Texas lawmaker is proposing to put that money towards a tax holiday from both personal income tax and FICA tax for Americans during January and February of 2009.
He stated, "By instating a temporary tax holiday, we could electrify the American economy and provide overwhelming relief to taxpayers, all for less than the cost of the current failed Paulson-Pelosi bailout system."
Read more about it HERE
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