02-15-2009, 10:38 AM
That sounds like they've created an entirely new beaurocracy just to handle distributing more $$. What a mess.
I thought the best idea I've heard suggested was to suspend payroll tax payments (FICA) for some time period (6 mos. to a year I think?). This is really ingenious because it's instant, it gives greater benefit to those who pay more FICA, and since FICA is capped around $106k, it has no increased benefit for the extremely wealthy. Benefits the working class directly. Would have been easy and instantaneous.
I thought the best idea I've heard suggested was to suspend payroll tax payments (FICA) for some time period (6 mos. to a year I think?). This is really ingenious because it's instant, it gives greater benefit to those who pay more FICA, and since FICA is capped around $106k, it has no increased benefit for the extremely wealthy. Benefits the working class directly. Would have been easy and instantaneous.