- Apr 10, 2013
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No. My plan is:
-Base Federal tax for corporations at 30% of revenue.
-Raise minimum wage to $23.50/hr. Based on where minimum wage should be using 1970-2017 rise in food, shelter, and transportation.
-Eliminate all business subsidies (deductions/write-offs/write-downs) except for employee expenses which are deducted dollar-for-dollar on all city, state, and Federal taxes and fees with the Feds refunding city, State, and fees.
-Companies with unlimited employees; employee expenses above the deduction are subsidized at 100% with funds usually give back to the States.
-Adjust Social Security and private/public retirement and pension payments using 1970-2017 price structure.
-Remove the FICA limit.
-Back down ALL costs, prices, fees, to January 1, 2009 levels and hold them for 10 years which will eliminate inflation.
-Recall ALL off-shore investments tax free, and disallow any further off-shore investments.
-Make inversion illegal.
My plan would reduce business costs for employees and taxes to 30%. That's a 15%-30% drop.
My plan would put BILLIONS into the economy daily.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
My plan would end all welfare.
My plan would significantly increase social security and pension payments.
My plan would hold prices for 10 years, thus eliminating inflation.
But I'd be happy with a 1:1 tax credit for employee expenses up to the amount of federal tax owed.
My plan would put the $100 trillion plus currently owned by corporate America back into the economy.
How are assets owned by corporations "not in the economy"?
Please show us how monetary assets in holding accounts are 'in the economy?'
Please show me these monetary assets in holding accounts.
Why do you think banks now charge for holding accounts?
The amounts are almost all cash assets of every US based corporation. Trillions.
Why do you think banks now charge for holding accounts?
You're talking about bank accounts? You think US corporations have $100 trillion in the bank? Link?
You want to get money held in bank accounts, "back into the economy"?
What makes you think money in the bank is outside the economy?
It's a bank account not in the usual definition. It's only a place to park monies.