Building an Economy that Works for Everyone

7 ways to make economic stimulus more…stimulating

Economist Dean Baker outlines 7 ways to make Obama’s economic stimulus package more effective (excerpted from Truthout). Several of his proposals could also be used by state governments to promote local economic recovery:

  • Extend health insurance – Offer a $2,000 tax credit for any firm that gives health insurance to employees not currently covered. Match at a 70 percent rate any improvements in health care coverage (e.g. lower employee premiums) up to $1,000.
  • Cash for clunkers – Buy back older, more polluting cars at a premium over their book value to get the most polluting cars off the road and put some money into the pockets of the people who own them – mostly low and moderate income car owners.
  • Subsidies for public transportation –  The government can encourage public transit and get money into the pockets of the people who use it (disproportionately low- and moderate-income people), by giving a $1 subsidy for each trip that gets directly passed on in lower fares.
  • Funding for writers/artists/creative workers – Put creative work in the public domain that people all over the world could download at zero cost.
  • Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

February 22, 2024

Why Is Health Care Declining in Washington? Look to Hospital Consolidation

People are hurting in our state. And it’s no accident.

February 2, 2024

What is REET and Why Do We Need to Reform It?

Washington State lawmakers have the chance to make a progressive tax more progressive and provide a permanent funding source for affordable housing

January 23, 2024

Report: Washington no longer has the most regressive tax structure in the nation

This is both cause for celebration and a call to action