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What Would Stimulate Your Economy? Take the Poll…
According to both the Chairman of the Federal Reserve and the President, we need an economic stimulus package in order to avert a recession. They both seem to agree that the country has a solid foundation, but there are “areas of concern” mostly the Housing Market and Consumer Spending. Both these will more than likely slow the rate of growth. Both men have suggested that Congress get their heads together and put a Comprehensive Economic Package out there ASAP, that will give the economy a much needed shot in the arm.
I think the Banks and Lending Institutions should get a kick in the _ _ _ , for putting the country in this situation. But that’s just my opinion.
Although no specific numbers were given by either the President or Bernake, these are they guidelines they suggested the package include:
- Package be around 1% of GDP
- Broadbase Tax Relief
- It should be temporary
- Take Effect ASAP; Now, yesterday if possible
- Include Absolutely No Tax Increases
- Tax incentive to encourage Business Investment
- It should include Direct Income Tax Relief for Consumers
- It should encourage Consumer Spending
- The previous Tax Relief Package expiring 2010 be made permanent
