I was taking a break from writing for the Summer but I found some info on a bill that is being looked at by Congress that has merit. It’s a tax hike. Most of you that know me also know that I hate the “T” word. America is taxed enough already. Lowering taxes on the upper and middle class has always and will always help lubricate the economy. That is just the way it works. But this bill is very different. The mega banks are sitting on over a trillion dollars of money they borrowed from the Fed at zero interest. So it’s just sitting there on their balance sheets earning small interest and making their stock look more appealing. Somewhere between 65 % and 80% of American jobs are in the small business community. Small business borrowing is now at a negative level. In other words they are paying debt and not borrowing. This has caused expansion in these companies to contract instead of expand giving us a negative job growth situation. I’m sure most everyone reading this knows that we have a “jobs” problem in America. The bill going through Congress introduced by Rep Sanders will tax the money sitting in these banks if it isn’t loaned out to small business. This is so simple and it would work. If our leaders want this economy to start moving then this bill needs to pass. It’s simple yet genious at the same time. If you read some of my previous predictions you will see that in June of 2009 I said that the flood gates to small business lending would be the way to make the economy roll again. I was very wrong on the timing. I predicted by May 2010 it would start. Maybe in August we can see it happen. Until then keep your fingers crossed. I really do think after the midterm elections that more leaders will be listening. We will have their attention by then.