Gohmert Pushes For Taxpayer Bailout

Proposing an alternate means of jump starting the nation's economy, Rep. Louis Gohmert is advocating a two month tax holiday.

His plan would use the remaining 350 billion of the $750 billion bailout fund to grant a two month period in which no federal taxes would be collected. Fiscal conservatives are climbing on the band wagon, but the plan faces opposition in the democratically controlled House of Representatives.

Gohmert faced tough questions today about his plan from conservative bloggers who met with him today at the Heritage Foundation.

Most wanted to know why Gohmert was pushing a short-term tax holiday rather than a long-term solution such as cutting capital gains or reducing corporate taxes. Gohmert said it boiled down to political reality. With Democrats controlling 256 seats in the House, there’s little Republicans can do to enact long-term tax relief.

Heritage.org has the story.