Saturday, August 15, 2009

Letter to Senator Casey of PA on GM Stock

Here is an email that I sent to Senator Robert Casey of PA about General Motors Stock


Senator Casey:
I’m one of the fortunate top five percent tax payers who pay half of all income taxes. My family has been blessed; we live in the greatest democracy in the world and have enjoyed some measure of financial success. And while I’m a conservative, I believe taxes should have been raised to support the war our country is fighting.

I know the tax cuts from the prior administration will expire, creating a de facto tax increase. I’m going to be paying even more. Since part of what I’m going to be paying for is the General Motors rescue, how about giving me a chance to earn some of my money back? Distribute that big hunk of GM stock to all us taxpayers. Pro rata for every individual tax return.

Gets the government out of the car business, creates a chance for the government to earn tax on any capital gains that develop, and gives me a chance to recover some of the big tax increase headed my way.

Please give it real consideration.
Sincerely,
gene

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