Dear Senators and Congressmen:

This communiqué is directed to and mostly for the benefit of House and Senate Democrats in this tumultuous election year. What if you were the mechanics that lead us out of the Great Recession and greased the engine of economic recovery by passing legislation to maintain all current federal income tax rates? Don’t make the same mistake as the Democrats of the 1930s with all their depressing tax increases. Think JFK, his enormously successful tax cut in the 1960s’ and a fighting chance at the polls in November. Call it the “Democrat Invented Plan for Stimulus through Taxpayers Incentivized to Invest all the Cash they can Keep (DIPSTIICK)”.

Federal Reserve Chairman Bernanke advocates extending the Bush Tax Cuts (current federal income taxes we can barely afford to pay in this competitive world) to maintain the economic stimulus. To collectively paraphrase the recent statements of certain Democratic Senators and Congressmen to the media: “It is economic suicide to increase taxes in a recession and current tax rates must be maintained fairly for the wealthiest of the wealthy (who still pay the highest rates now and who will actually invest most of the money and create economic growth) and all Americans (consumers who need the certainty of economic stability and confidence to spend again)”. Well, with majorities in both Houses there will be no excuses in November for failure to act before then and causing the guaranteed economic destruction wrought by a tax increase in 2011.

So here is the plan – rebrand the concept of extending the Bush Tax Cuts across the board as DIPSTIICK and ram it through Congress and into law by September 2010. Don’t be stingy towards wealthy, job creating business entrepreneurs if you want to impress the electorate with the promise of real private sector jobs and lower unemployment. Regular folks know that giving them what they already have isn’t a gift and keeping them out of work hurts them. Then hit the campaign trail with confidence and call yourselves the mechanics (so even the millionaires among you can appear to be sympathetic to regular folks) of an actual economic recovery. Now that’s thinking with your DIPSTIICK.

Warmest regards,

George Nicholas