Ron Paul is Right, Cut Spending
and Waste by Feds
To the Editor:
George Bush's economic stimulus
package will give individuals
who have an income between
$3,000 and $75,000 check amounts
of $300 to $600, according to
www.jbs.org/. Married taxpayers
who earn up to $150,000 will
receive $1,200. Included in this
package is also a $300-per-child
tax credit. According to
CNNMoney.com, "The package also
includes tax breaks for
equipment purchases by
businesses, as well as payments
to disabled veterans and some
senior citizens."
Critics of the measure included
congressman and presidential
candidate Ron Paul. In his
weekly column, Paul stated: "I
am in favor of taxpayers getting
some of their money back,
however temporary tax cuts and
one-time rebates will not 'fix'
the economy. What we desperately
need right now is real deep
significant tax cuts that are
enabled by big spending cuts and
reduction of government waste
that is so rampant.
Unfortunately, too many in
Washington still believe we can
spend our way into prosperity,
which does not work and never
has."
I agree. The government is
merely returning money that was
ours to start with. Instead
Congress should abolish the
Marxist Progressive Income Tax
by repealing the Sixteenth
Amendment and return us to the
freedom to invest in unregulated
production for prosperity.
Frank M. Pelteson