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Will this holiday season time for tax holiday -- and maybe -- a lot longer than just the holiday season -- if Texas Republican congress and Louis Dahmer has his way.
Nothing is is this Turkey -- an economy than not stuffing and with more of -- and money.
He is advocating attacks probably -- for a couple of months no federal income tax anybody for two months.
Congress and you say that'll get them spending and -- What gets people excited for a change in you your previous yes -- talked about.
You know than the market -- you were talking about it going down you go back to where it started going down it started going down when our secretary of the treasury and our president.
Started talking about it worst depression in the thirties and -- realize it was all to try to scare congress into given -- seven billion dollar slush fund.
And in the two months since then it hasn't been enough.
To correct the market because people are scared you can't do that to a market without creating paranoid schizophrenia.
In the market.
So can you do it never -- -- can you give it.
Sue them by giving them money is that the argument because one could flip it around and say we got in this pickle by people spending money.
Willing -- right.
Well we had some some problems with some of the laws.
And then we've had problems with a greeting people and some people getting mortgages they couldn't afford.
If people were allowed to have their own income tax their own pocket payments for two months it would allow many of them to catch up on those mortgages it allow people to go and given the impetus to go in and -- -- car they were thinking about buying.
I've had a lot of people say they'd like to get into the stock market there are some great bargains right now.
And this would give them free cash to do it it would allow the tax -- to pick the winners and losers but one of our big problems in Washington Neil is that.
-- show comes on rotten you know middle afternoon when we're trying to.
To learn things and get things done and everybody's got a million things if you were where we could watch you I'm sure that Washington knew better job with your money.
I voted on the Fox News Channel show -- but you're quite right to say that that is hurting the notion that as a result -- let me get your -- this puts money back in people's all -- my -- the argument against it congress and from Democrats RG is that it takes money out of Washington leads towards deficits it might trigger more money coming -- down the route.
But here Tony yeah I love the argument -- you're you're talking about seven point seven trillion between two men committing to all these different ideas they've got.
And you could you could take all of the income tax is going to be paid him for 20081.
Point two -- it's six and a half times less.
Then what they're borrowing and printing justified for all these commitments they've got they need to go back what John kill them -- -- said you know decades ago.
There -- only two kinds of comments are those that don't know when those that don't know they don't know.
And I'm -- our sector treasures in the don't know he -- know category -- he's out of there as soon do you have any faith and and guys were coming years.
But he is still spend the money -- goes.
Congress and -- taxpayers will do a better job of spending.
And I want to applaud you you kept your head in September October.
You've kept a cool head through all of this when those about them losing theirs and a paraphrase Rudyard Kipling shot.
It Neil if you can you keep your head when all those about you are losing theirs you're probably the reason they're losing years.
But this always get like some confidence back into the market into people's own pocket -- Give them a little breather and that's what people understood Thompson thank you very much could have.
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