Why not use the stimulus money to stop payroll taxes? We could receive our entire paychecks. Employers wouldn't have to pay taxes to the government and might be able to employee more workers. We would have more take home money to pay our credit cards, mortgages and spend to jump start the economy immediately instead of taking years, and years. How long would that bailout money keep us all receiving more pay? Maybe forever.
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Obama Announces Economic Recovery
Advisory Board
Obama is working hard to clean up the economy and is looking for suggestions in and outside of Washington.
Popular Suggestions » Stimulus
STIMULUS PACKAGE TO AMERICANS NOT BANKERS!
Posted by PALGALZ 574 days ago (Suggestion)Mr. President: You and the rest of the government are out of touch with average people.
Posted by joesixpack 575 days ago (Suggestion)
The only way to stimulate the economy is to help the American people now. Not with some crazy plans to create jobs 5 or 10 years from now but with real help for average Americans. Many of us ran into problems when gas prices were nearly $5 a gallon and then add in other major setbacks such as job loss or a major illness. Adding an extra $60 to my check a month is not going to go out and make me buy a car or any other big ticket item. I need help to pay off my credit cards with a low interest low from the government or a stimulus check to allow me to buy a better car to get back and forth from work. If you want to hand out money then give it to the people not the banks and businesses who are just going to waste it.
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Interest rates need to be Capped
Posted by tomtom27 573 days ago (Suggestion)
Many people with good credit now have bad credit due to unforeseen occurrences. There are many reasons why good credit goes bad. The American workers should not have to be penalized for 10 years because of this. Interest rates need to have a cap put on them. It should go to 10%. That's it. Our government formed bankruptcy to give a person a fresh start but these financial companies which the government used the American workers tax money to bail them out are still charging outrageous interest rates for poor credit. This cripples your economy also. Think about it.
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Promote investment in small business for jobs
Posted by brookjax 575 days ago (Suggestion)
Most investors had capital losses last year, not capital gains. Many senior citizens depend on investments for their retirement. Suspending the capital gains tax will let small investors and their IRA's regain some of last year's market losses and thereby restore consumer confidence, which is vital for an economic recovery. This way will be much quicker than the necessary but more difficult effort to stabilize housing prices and the real estate market.
More than 50% of adults own stocks and bonds, many through their pension plans and IRA's. The capital gains tax is double taxation; the stocks and bonds were bought with after-tax dollars. At least reduce capital gains taxes for middle class taxpayers and for IRA's and 401(K)'s.
Stimulate the economy. Excuse me; I feel a ting Read More »
More than 50% of adults own stocks and bonds, many through their pension plans and IRA's. The capital gains tax is double taxation; the stocks and bonds were bought with after-tax dollars. At least reduce capital gains taxes for middle class taxpayers and for IRA's and 401(K)'s.
Stimulate the economy. Excuse me; I feel a ting Read More »
Fastest Stimulus Package for Middle Class
Posted by jajwvu1995 574 days ago (Suggestion)
I feel that the fastest way to get the middle class to spend more is to have more every month. A one time check is nice, but does little to stimulate over a long period of time. Please allow the middle home owners to refinance their homes at 3% with minimal or no charges/penalties. This would place hundreds of dollars in the middle class wallet every month, allowing for greater spending every month.
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WE NEED WORKSHOPS TO SIMPLIFY THE STIMULIS AND OTHER GOVERMENT PROVISIONS TO THE AMERICAN PEOPLE
Posted by DOUGIEgee 577 days ago (Suggestion)
MY SUGGESTION IS WE NEED WORKSHOPS IN EVERY STATE TO SIMPLIFY THE LANGUAGE AND THE DIALOGUE OF THE PROVISIONS THE U.S GOVERNMENT IS PROVIDING IN EACH STATE PART OF WHY WE WANTED TO BRING CHANGE TO AMERICA IS TO BE ON THE SAME PAGE WITH THE PROPER UNDERSTANDING. I BELIEVE SOMEONE IN EVERY STATE SHOULD BE APPOINTED TO RUN THESE WORKSHOPS ...BECAUSE PEOPLE ARE ALWAYS AFRAID OF WHAT THEY DONT UNDER
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Don't Sign the Stimulus Bill
Posted by lucille53 568 days ago (Suggestion)
Please don't sign the Stimulus bailout. Have you actually read the whole thing. I think you moving to fast on this, which make me think there are things in there you don't want people to read. You also mentioned in your speech that you inherited this economy from the past 8 years. I believe you were a Senator. Didn't you pay attention to what was going on. I guess not. In said that the poles show the American People are for this bill. What poles? I haven't talked to one person who supports this. My are is Democratic they wanted change, but not this. My Democratic friends are already thinking of voting Republican in the next elections. They seem to be looking out more for us.
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How to stimulate the economy for the long run
Posted by CharlesAlley 573 days ago (Suggestion)
Dear President Obama,
First let me say that I can not tell you how grateful that my wife and I are that we have you as our President. How grateful we are to have someone of your intelligence and stature at such a critical time in our history. So, first things first, let me say thank you and thank you in advance for all the great work you are about to do.
My idea is simple. As you have said yourself many times, Stimulate from the "Bottom Up".
What if we put the hard earned money that people earn on their paycheck in their hands. What I mean by that is, (and I'm sure this has been talked about before), but what if we eliminate Federal and State income taxes, but add a Federal and State purchase tax on everything we purchase.
Eliminating income tax would put 30% (or more) more c Read More »
First let me say that I can not tell you how grateful that my wife and I are that we have you as our President. How grateful we are to have someone of your intelligence and stature at such a critical time in our history. So, first things first, let me say thank you and thank you in advance for all the great work you are about to do.
My idea is simple. As you have said yourself many times, Stimulate from the "Bottom Up".
What if we put the hard earned money that people earn on their paycheck in their hands. What I mean by that is, (and I'm sure this has been talked about before), but what if we eliminate Federal and State income taxes, but add a Federal and State purchase tax on everything we purchase.
Eliminating income tax would put 30% (or more) more c Read More »
Creating Long Term Jobs with Stimulus Dollars
Posted by srice 572 days ago (Suggestion)
“Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime.” This proverb should be heeded with regards to creating job opportunities via the economic stimulus package.
The current stimulus package, from what I have heard, creates jobs that will only "feed" this country for a while. Example: Infrastructure. We could fix every road and bridge in this Country, and in the process create a million jobs for laborers and engineers. Those jobs will only last as long as the projects themselves, or as long as the money holds out.
We need to create business and industry that establish long term employment, that attract a global market, and that serve a domestic need. Green energy and green transportation do just that. Putting stimulus Read More »
The current stimulus package, from what I have heard, creates jobs that will only "feed" this country for a while. Example: Infrastructure. We could fix every road and bridge in this Country, and in the process create a million jobs for laborers and engineers. Those jobs will only last as long as the projects themselves, or as long as the money holds out.
We need to create business and industry that establish long term employment, that attract a global market, and that serve a domestic need. Green energy and green transportation do just that. Putting stimulus Read More »
Economic bailout for the common man
Posted by Bosco 573 days ago (Suggestion)
Since the banks and Wall street firms have done nothing
but spend $350 billion dollars on themselves. We should
take the last $350 billion and give it to every person
21 and over. These are the people who do the working
and spending that the country needs to get back on its feet. People would pay off their debt, the banks would
be flush with cash again. People would buy new cars, the
car makers would start production and bring workers back
to work. People would pay off their student loans, reducing
the deficit. People would invest in their future and the future of this country. The people of Wall street would have you
believe that us commoners could not handle this kind of
money. But they have already proved that they can not handle it so let's see how the people Read More »
but spend $350 billion dollars on themselves. We should
take the last $350 billion and give it to every person
21 and over. These are the people who do the working
and spending that the country needs to get back on its feet. People would pay off their debt, the banks would
be flush with cash again. People would buy new cars, the
car makers would start production and bring workers back
to work. People would pay off their student loans, reducing
the deficit. People would invest in their future and the future of this country. The people of Wall street would have you
believe that us commoners could not handle this kind of
money. But they have already proved that they can not handle it so let's see how the people Read More »
suggestion on the spending package; cut capital gain in half
Posted by Jeanettee 577 days ago (Suggestion)
Sir, cut the business taxes in half. Cut the capital gains in half for 2 years. Eliminate payroll taxes for 6 months; then stand back. Do not bail out the irresponsible banks of greed. If you would do that, government stay out, then watch the people go. My suggestion, thanks
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Fund conversion to the metric system with the stimulus package
Posted by WalterBurt 465 days ago (Suggestion)
I would like to suggest that the economic stimulus package be used to convert the US to the metric system. The arguments for moving metric range from lofty to microscopic, but the singular detraction has always been the cost.
If money is to be borrowed and spent, and this should be spent across all sectors of the economy, the adoption of the metric system would be one blanket upgrade which would affect and benefit us all.
How many stone do you weigh? And how many feet are there in a nautical mile?
Consider the impact that our lagging behind in the English/ Imperial measurement system has on our ability to communicate and integrate with the world. If there is a day coming when we speak the same language, perhaps the next baby step would be for us all to speak the same numbers Read More »
If money is to be borrowed and spent, and this should be spent across all sectors of the economy, the adoption of the metric system would be one blanket upgrade which would affect and benefit us all.
How many stone do you weigh? And how many feet are there in a nautical mile?
Consider the impact that our lagging behind in the English/ Imperial measurement system has on our ability to communicate and integrate with the world. If there is a day coming when we speak the same language, perhaps the next baby step would be for us all to speak the same numbers Read More »
Put money directly into the hands of the people by way of a debit card
Posted by richierichard 577 days ago (Suggestion)
My suggestion is that you issue debit cards to every adult 18 and over like 10,000 dollars and require that they buy food, services, merchendise not get cash by having every person having to spend 10,000 into the economy that will directly infuse money into the economy 500 or 1000 dollar rebates will not help U need to do something big and let the consumers start spending again this will be
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tax stimulus for citizens
Posted by andre 576 days ago (Suggestion)
I am a person that works a lot of overtime which puts me into a higher tax bracket than i would be if I worked no overtime I inquired about my tax stimulus last year and was told I made too much money. it should be based on your base salary not what you made with overtime. it took the overtime just to make ends meet
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Car rebate program to Stimulate Auto industry
Posted by panjwas 566 days ago (Suggestion)
My suggestion is to provide Rebate and/or Tax Credit of $5000 for buying a new car (may be restricted to certain type of vehicle).
Benefits of doing this vs bailout package to auto companies:
1. Sale of car will bring 3 times the rebate money from individuals into the economy.
2. Incentive will encourage more people who are delaying their Car purchase due to economy.
3. Help auto industry from dealer, transporter, part supplier, auto maker..
4. Will create more jobs, instead of layoffs
5. Will help environment by removing old cars from the road.
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Benefits of doing this vs bailout package to auto companies:
1. Sale of car will bring 3 times the rebate money from individuals into the economy.
2. Incentive will encourage more people who are delaying their Car purchase due to economy.
3. Help auto industry from dealer, transporter, part supplier, auto maker..
4. Will create more jobs, instead of layoffs
5. Will help environment by removing old cars from the road.
Read More »
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