Tuesday, November 18, 2008

Now this would work

Grover Norquist of Americans for Tax Reform suggests the $700 billion federal bailout go like this: $170 billion to cut the corporate tax rate from 35% to 15%, $35 billion to eliminate capital gains and dividend taxes, $235 billion to cut the top individual tax rate to 15%, $24 billion to kill the Death Tax, and $240 billion to allow companies to fully-expense capital assets purchased the first year.

Sounds better than the rat hole approach currently underway.