This makes too much sense

Via TaxProf Blog: Gingrich Backs Two-Month Tax Holiday to Replace Further Wall Street Bailout.

Remember last year's tax rebate checks? Congress passed the law early in the year, but IRS had to handle the tax filing season first, so no checks could be cut before May. Then we had all sorts of complications, and tremendous IRS resources wasted just answering taxpayer questions. Ultimately the "stimulus" fell short of the promises made for it.

A tax holiday is simpler, and it's immediate. No IRS overhead in implementation. It would inject real stimulus into the economy, but there' s no chance for Congress to manipulate who gets what. I expect the proposal therefore to be DOA.

At the taxprof link is a collection of additional links on the topic.