Tax Holiday Plan Sparks Interest Among Democrats

Cosponsors keep coming for Rep. Louie Gohmert’s (R-Texas) proposal to suspend income and FICA taxes for January and February ‘09, and even Democrats are showing interest.

But at a press conference Wednesday, the author of the tax holiday plan said the American people are the ones who can bring his proposal to the floor of the House for a vote.

Flanked by a conservative coalition that included Rep. Michele Bachmann (R-Minn.) and Rep. Marsha Blackburn (R-Tenn.), Gohmert took his case to the people whom his plan would benefit most — the taxpayers.

“The way this gets to the floor is if the American public does what they did back in September,” Gohmert said, referring to the energy battles earlier this year spurred by the “Drill, Baby, Drill” movement. “This can go forward and be passed.”

Support might come from the other side of the aisle as well. Gohmert said Democrats have begun asking for more information on the tax holiday plan.

“We’ve got a number of blue dog Democrats who are saying, ‘Give me more information, this sounds like something I could really support,” Gohmert said.

Gohmert said he doesn’t care whether the bill comes to the floor under his name or a Democrat’s, but that either way, it will require the American people to mobilize.

“I think the chance this has to get to the floor — even under a Democrat’s name on the bill, fine by me — is if Americans rise up again, as they have a couple of times in the last two years, and let their voices be heard,” Gohmert said.

Gohmert stressed that the plan would not hurt social security funds. The plan is a sixteen and two-thirds percent tax cut for a year, and the money would never have to go through Washington. Additionally, Gohmert said the extra cash would give people a chance to pay off the mortgages on which they fell behind.

Last night the $15 billion automaker bailout passed the House. But there is apparently is a lot of angst among Republicans, some bridling at the tactics the White House has used, adopting the Democrats’ rhetoric, dismissing bankruptcy reorganization for the automakers. HUMAN EVENTS has long advocated a structured bankruptcy for the Big 3.

The problem with the House bill, said one Republican source, is that the “car czar” has too little authority to force restructuring along the lines that were used to help keep the airlines in business.

Sen. Jeff Sessions (R-Ala.) told HUMAN EVENTS that the automakers’ bailout may not pass the Senate because the leading members of the Senate Banking Committee were opposed to it. Sessions said it was “on the bubble.”

He said anything that would pass the Senate would probably need the sixty votes required to overcome a filibuster.

Sessions said, “The automobile companies should seek protection under Chapter 11 of the bankruptcy code. This will stop all claims against the companies, allow them to reorganize and the bankruptcy judge will have authority to free them from the contractual burdens that they have. The only way that can be done is through the bankruptcy process.”

One huge problem with the House bill is that it enables the government to take up to a 20 percent stock interest in the car companies. Under government supervision, they’d be competing with each other and with the foreign carmakers, some of whom assemble cars in America.

That crosses yet another line, further destroying free market capitalism in the United States. Why is a Republican administration doing this?

Maybe some conservative senators can stop this version of the bailout. If they do, more will come and perhaps some part of our free market can be preserved.

Read Rep. Gohmert’s op-ed detailing his tax holiday plan and sign a petition supporting the plan. Below is a list of the plan’s co-sponsors as of Wednesday.

Todd Akin
Michele Bachmann
Gresham Barrett
Roscoe Bartlett
Marsha Blackburn
Paul Broun
Dan Burton
John Carter
John Culberson
Thelma Drake
Tom Feeney
Trent Franks
Scott Garrett
Phil Gingrey
Ralph Hall
Darrell Issa
Sam Johnson
John Kline
Doug Lamborn
John Linder
Connie Mack
Thaddeus McCotter
Patrick McHenry
Cathy McMorris Rodgers
Sue Myrick
Ron Paul
Mike Pence
Tom Price
Joe Pitts
Ted Poe
Bill Sali
Pete Sessions
John Shadegg
Lynn Westmoreland
Don Young