Wayne Root’s stimular package proposal

Wayne Root wrote a long article for Gambling911.com on January 19th that somehow escaped our coverage. Root was the Libertarian Party’s 2008 vice presidential candidate, and has claimed that he is going to campaign for the Libertarian Party’s 2012 Presidential nomination.

, on the other hand, offer today an economic stimulus plan that is unlike any ever offered before. Instead of raising taxes on the successful Americans who pay most of the taxes and create virtually all of the jobs, I actually want to give taxpayers a one-year “Income Tax Vacation.” Yes, I want to suspend income taxes for 2009 and tell the I.R.S. to take the year off. I can hear the liberal, big-government, tax and spenders screaming right now. But before I explain the details of my plan, let’s debunk a few great, big, fat liberal lies about taxes.

 

Liberal tax and spenders complain that we cannot possibly allow the Bush tax cuts to become permanent. Why? The federal government cannot afford it. The cost? About $400 billion per year. Until recently, that sounded like a lot of money. But not after the events of the last few months- now we all realize that $400 billion is chump change. How is it possible that we can afford to spend $80 billion on a bailout for one company AIG, but $400 billion in tax cuts for millions of hard-working American taxpayers is unaffordable? How is it possible we could spend almost $50 billion (and counting) on a bailout for the failed Big 3 automakers, but $400 billion in tax cuts for millions of taxpayers is unaffordable? How is it possible that our new President Obama could giveaway almost one trillion dollars in an economic stimulus package without hesitation, but $400 billion in tax cuts for the taxpayers is unaffordable? How is it possible that we could giveaway $7 trillion in total bailouts, but $400 billion in tax cuts is unaffordable and unimaginable?

A lot more here.