As you know, the problem with the tax cut
program proposed by
President Bush's administration is that
much of the money received in
this program by big corporations and rich
private persons may be not
invested for economy development, but just
spent for buying new
villas, yachts, super-dear cars, entertainment
and other not very
productive branches of economy's production
-- which would certainly
not contribute to US economy, as President'
administration expects.
How to solve this problem? It is very simple:
We should issue a law according to which
a private person who has
income/assets above a certain amount (to
be specified) and any corporation,
would have to INVEST, in his/her/its business,
all or at least 90 %of the money
received from tax cut program, during a
specified time frame -- say one year,
till next tax paying period -- and would
have to present to the state a report
describing how this money was invested.
Such a report could be included in
the tax forms which each taxpayer fills
out in the due time. If the money is not
invested within this time, then it would
have to be returned to the state. The
taxpayer would have an option to refuse
to invest the tax cut money right
from the beginning, then he/she/corporation
would not receive it.