I don’t know if this idea would get much play in Congress, but it seems to me we could stimulate close to 10% of the economy by eliminating the Federal Income Tax on Unemployment Benefits for a year or so. The small hit to the Treasury would be far outweighed by the additional cash it would put in the pockets of those on Unemployment. This is cash that would definitely be spent… not socked away for a rainy day. If that’s not a stimulus, what is?
Congress… if you’re out there, is anybody listening?]]>