Wednesday, November 22, 2006

Boosting the Middle Class

Given the battle for policy aimed at the working class and this little bit if inspiration from Larry Kudlow, here forthwith is a four point plan to drive up the real wages of the working poor and middle class:

1) Eliminate Taxes on Dividend, Capital Gains and Interest Income - not everybody can be a big shot lawyer, CEO or professional athlete, but everybody can buy stocks and bonds.

2) Reduce the Gas Tax & Allow Drilling for Oil and Natural Gas On US Lands and Waters - surging energy supplies means lower gas and heating oil prices; lower prices help the middle class and poor who have to drive farther to work and can't afford the most energy efficient homes.

3) Allow Workers to Opt Out of Social Security - workers, who get walloped by this most regressive of taxes, would immediately get a rise in wages of between 6.25 and 12.5%.

4) Eliminate the Tax Break for Employer-Paid Healthcare & Create a National Market for High-Deductible Health Insurance - workers could opt for their own health insurance, akin to life insurance, and convert their healthcare benefit compensation at work to cash wages.

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