Wayne Allen Root's Economic Stimulus Plan

Robert Ringer included a guest post from Wayne Allen Root, last year's Libertarian vice presidential candidate.

The post highlights what Root would do about the economy:

1. One year income tax vacation for all Americans.

2. Phasing out capital gains taxes over a 5 year holding period.

3. No taxes on capital gains, interest, and dividends for Americans over 55.

4. A business tax cut.

5. No taxes on the sale of one's principal residence.

6. $7500 tax credit for employers who hire a worker.

7. After the tax vacation, institute a reverse flat tax.