It’s possible, anyway, when the parties can agree on mailing checks to voters during an election season. That’s the essence of the “stimulus package” now being negotiated in Congress. The details are in flux, but the one thing that appears certain is that while non-taxpayers will get “rebates” of taxes they never paid, those who pay the most taxes, i.e. those earning over $130,000, will get nothing.
Along with election-year cash, the plan will include some tax breaks for businesses that are intended to stimulate investment. These are probably a good idea. I wonder, though: if more money in the hands of taxpayers and lighter tax burdens on businesses are now urgently needed to rally a slumping economy, why wouldn’t it be a good idea to have lower tax burdens all the time?
I’m reminded of our friend Rudy Boschwitz, who, before he ran for the Senate, owned a successful business called Plywood Minnesota. One of the hallmarks of that company was its policy of never having sales, but rather, offering the best possible prices all the time. Its motto was something like, “Our best shot every day.” That’s a principle the federal government should consider following.
SCOTT adds: Rudy’s company has evolved into HomeValu, where he still gives customers his best shot every day.
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