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November 12, 2009

New Plan - Bailout the Consumer

The way to stimulate the automotive industry is not to give them a blank check but instead give the signing power of the check to the taxpayers of the United States. Much of the issue we just went through with the financial crisis was had a negative impact on the automotive industry that we are seeing today. Without a stimulus this will continues into many industries outside just the automotive. Provide the power of the consumer by giving each taxpayer a $15,000 federal credit voucher that can be applied to the purchase of a vehicle produced by a US automotive manufacturer that can be used once over the next 5 years. Each taxpayer over the age of 18 years during the five year span will have access to use these funds to the purchase of a vehicle. Anyone that is a taxpayer of 18 years of age over the five years period will be eligible to apply for voucher that can be applied to a vehicle. The value of the voucher is tied to the following conditions: 100% use of funds when: Automotive vehicle produced by a USA Auto Manufacturers For a vehicle manufactured in North America 33% use of funds when: Toward an automotive vehicle that is manufactured in the USA. 25% use of funds when: Used toward the purchase of a used vehicle manufactured in North America. Taxpayer Must: Register through a government website Provide taxpayer information to confirm eligibility Government must: Provides authorization code if individual is a USA taxpayer and this will voucher authorization code will be sent to the US taxpayers registered address. Auto-manufactures / Auto Dealers: To obtain funds they must provide the following: Taxpayer authorizations code Vehicle VIN number Certificate of origin of Vehicle Proof of vehicle registration to taxpayer that code was issued against. This would: Provides a stimulus to the automotive industry by eliminate over stock of vehicles and future manufacturing Provide a stimulus over five years Provide jobs to USA taxpayers Provide taxpayers to fund the USA by increase the number of taxpayers

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