The estimates we see from the press are 3 trillion over 10 years for couples who have earned $250k or less and $700b over 10 years for the top 2%. That's $3.7t in total.
The United States population is about 311m. See the US Population Clock.
So the tax cost per person is approx $12k. So why not send out rebate checks instead? We'll all share the stimulus money equally and the low income earners will get a larger percentage relative to their income. Now the government needs to save some money. So lets save half and distribute the remaining 6k to every person in the us over the next 10 years. That's approximately $600 per person per year. Oh wait, that's the same amount of the Bush Stimulus Rebates. Except Bush had caps $75k for individuals, $150k for couples and parents only got $300 per child. Now why is this socialist agenda coming from the Republicans and not the Democrats? I know I got some kind of a tax credit from the Democrats for 2009 and 2010 but I'm going to have to check my tax returns to make sure I got it. I think checks are more memorable.
Let's let the Bush Tax Cuts expire and send out Obama Stimulus Rebate Checks instead!
