The TaxGrrrl says that President Bush will today propose sending taxpayers with incomes under $110,000 tax rebates - $800 for individuals and $1,600 for couples. Congress, always game to bribe us with our own money, is likely to go along in the name of "stimulating the economy."
That's so 2001. I propose a more exciting form of stimulus. Let's load our B-52 bombers with $20, $50 and $100 bills and conduct low level simulated bombing runs dropping the cash over areas affected by the mortgage crisis. Surely the sight and sound of the big birds skimming the treetops of Southern California will stimulate something, and it will be at least as effective as the rebate plan.
The Wandering Tax Pro has more thoughts.
UPDATE: One million dollars...
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