A Thought on Bailouts
Posted on December 13th, 2008 by Adam Hansen
Instead of the government directly giving the U.S. auto manufacturer’s bailout money, I mean loans, how about making a provision for the banks that are getting bailout money. In order for these lending institutions to receive any more money, they must process the loans that the auto companies need.
Here is another thought, effective immediately, any new U.S. made vehicle purchase is 100% tax deductible. After all isn’t the sale of vehicles what has traditionally puts the money into the the U.S. auto manufacturer’s business. Hmmm… it helps the consumer and the Big Three. Seems like it might help stimulate the economy a bit too.
If economics can trickle down, can it trickle up too??
Great Ideas! One caveat on the American car tax deduction: All components should be 100% American manufactured and it must be assembled in the USA.
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