Desperate times call for out-of-the-box thinking. Allowing people to keep 100 percent of their income for one year is the jump-start the economy desperately needs. Simply put, taxpayers will be so excited they will begin an investing spree that will create millions of jobs and ultimately increase tax revenues. If critics are worried about the cost, they should find corresponding spending cuts.
Note to the GOP: That is how you change the conversation. That is how you use boldness and courage to turn a historic bust into a boom. That is how you inspire voters. Reagan gave us the greatest tax cut in history to save us from Mr. Carter. Today we need to cut taxes to zero to save America from Mr. Obama.
An income-tax vacation would be the start of a rebellion to save capitalism and take back our country.
I can feel Reagan looking down from above and smiling.
Wayne Allyn Root is a former Libertarian vice-presidential nominee and author of “The Conscience of a Libertarian: Empowering the Citizen Revolution With God, Guns, Gold, Gambling & Tax Cuts” (Wiley, 2009). He writes at RootforAmerica.com.