PoliticalChic
Diamond Member
The dichotomy:
For conservatives, taxes are meant to pay for the legitimate duties of government, as deliniated in Article 1, section 8- the enumerated powers. And any excess collected is to be returned to the people as tax cuts.
For Liberals/Conservatives/Democrats, taxes are to penalize the successful and 'level the playing field,' or some other imaginary collectivist goal.
And, with "the Big Mistake, Obama", in charge.... the slowest in the modern era going back to 1947
1. "...the venerable Business Roundtable, whose member companies generate annual revenues of more than $7 trillion while employing 16 million...If we want to control the deficit, preserve key entitlement programs, educate our children, and offer upward economic mobility for everyone, we have to get our economy growing faster.
Sounds like JFK. Or Ronald Reagan. Or Jack Kemp.
A rising tide lifts all boats.
2. ...Randall Stephenson, chairman of AT&T and the new head of the Business Roundtable... zeroed in on this key point:
And make no mistake, economic growth doesnt happen absent private investment . . . Where there is investment a new factory, or distribution facility being built, a new store about to open, new software being installed that is where new jobs are created.
3. ... in todays recovery the slowest in the modern era going back to 1947 private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery.
4. ... what he and the Business Roundtable are aiming at is the total reform of the American business tax structure, where marginal rates are the highest among developed countries. He also emphasizes the need to remove barriers to bringing overseas earnings back home.
5. .... a one percentage-point decrease in the average corporate tax rate would raise real U.S. GDP by about 0.5% within one year. He concludes that Any serious agenda for economic growth must begin with reforming taxes for all businesses large and small.
6. .... abolish the corporate tax altogether. According to his model, while overall growth and investment would surge, higher wages would be the biggest beneficiary.
7. Trouble is, as I pointed out to Mr. Stephenson, President Obama is talking about inequality and income redistribution, not growth. Instead of unleashing entrepreneurship, Mr. Obama harps on raising the minimum wage and extending unemployment assistance.
a. Mr. Obama would also penalize corporations that hold profits overseas rather than lower penalties so this money would come home for private investment.
8. ... most of the Democratic party has embarked on a path to punish success, not reward it; to enlarge the reach of government in business, rather than incentivize entrepreneurship.
I call this the Sandinista wing of the Democratic party. Its named after New York City mayor Bill de Blasio, who spent a goodly amount of time in Nicaragua and Cuba and is in full-fledged attack mode to punish successful earners and businesses by raising taxes of fairness.
9. Fairness is not opportunity. But tell that to Senator Warren, who also is arguing for punishments on business and banking. Mr. De Blasio and Mrs. Warren are spewing forth the socialist doctrine of equality of results, rather than the capitalist model of equality of opportunity. They want income leveling and redistribution the opposite of growth.
10. .... Obama appears to have caught the Sandinista diseaseBut then again, thats what elections are for. ...And thats why were going to see big changes come November." Big Business Swings Behind a Mantra of Growth - The New York Sun
Obama voters..... taking refuge in complete opacity .
For conservatives, taxes are meant to pay for the legitimate duties of government, as deliniated in Article 1, section 8- the enumerated powers. And any excess collected is to be returned to the people as tax cuts.
For Liberals/Conservatives/Democrats, taxes are to penalize the successful and 'level the playing field,' or some other imaginary collectivist goal.
And, with "the Big Mistake, Obama", in charge.... the slowest in the modern era going back to 1947
1. "...the venerable Business Roundtable, whose member companies generate annual revenues of more than $7 trillion while employing 16 million...If we want to control the deficit, preserve key entitlement programs, educate our children, and offer upward economic mobility for everyone, we have to get our economy growing faster.
Sounds like JFK. Or Ronald Reagan. Or Jack Kemp.
A rising tide lifts all boats.
2. ...Randall Stephenson, chairman of AT&T and the new head of the Business Roundtable... zeroed in on this key point:
And make no mistake, economic growth doesnt happen absent private investment . . . Where there is investment a new factory, or distribution facility being built, a new store about to open, new software being installed that is where new jobs are created.
3. ... in todays recovery the slowest in the modern era going back to 1947 private capital investment has lagged badly. ... so has the jobs situation, with 92 million dropping out of the workforce altogether. A labor-participation rate of 62.8% and an employment-to-population rate of 58% are historic lows indicative of the anemic jobs recovery.
4. ... what he and the Business Roundtable are aiming at is the total reform of the American business tax structure, where marginal rates are the highest among developed countries. He also emphasizes the need to remove barriers to bringing overseas earnings back home.
5. .... a one percentage-point decrease in the average corporate tax rate would raise real U.S. GDP by about 0.5% within one year. He concludes that Any serious agenda for economic growth must begin with reforming taxes for all businesses large and small.
6. .... abolish the corporate tax altogether. According to his model, while overall growth and investment would surge, higher wages would be the biggest beneficiary.
7. Trouble is, as I pointed out to Mr. Stephenson, President Obama is talking about inequality and income redistribution, not growth. Instead of unleashing entrepreneurship, Mr. Obama harps on raising the minimum wage and extending unemployment assistance.
a. Mr. Obama would also penalize corporations that hold profits overseas rather than lower penalties so this money would come home for private investment.
8. ... most of the Democratic party has embarked on a path to punish success, not reward it; to enlarge the reach of government in business, rather than incentivize entrepreneurship.
I call this the Sandinista wing of the Democratic party. Its named after New York City mayor Bill de Blasio, who spent a goodly amount of time in Nicaragua and Cuba and is in full-fledged attack mode to punish successful earners and businesses by raising taxes of fairness.
9. Fairness is not opportunity. But tell that to Senator Warren, who also is arguing for punishments on business and banking. Mr. De Blasio and Mrs. Warren are spewing forth the socialist doctrine of equality of results, rather than the capitalist model of equality of opportunity. They want income leveling and redistribution the opposite of growth.
10. .... Obama appears to have caught the Sandinista diseaseBut then again, thats what elections are for. ...And thats why were going to see big changes come November." Big Business Swings Behind a Mantra of Growth - The New York Sun
Obama voters..... taking refuge in complete opacity .