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Reverse Tax Reform
Wall Street Journal ^
| January 7, 2004
| Editorial
Posted on 01/07/2004 5:29:15 AM PST by OESY
Edited on 04/22/2004 11:50:45 PM PDT by Jim Robinson.
[history]
We've been waiting a long time for another Democrat to grab the mantle of tax reform the way Bill Bradley and Dick Gephardt did back in the 1980s, so we studied Wesley Clark's proposal on Monday with interest. The kindest thing we can say about it is that we sure hope the retired general knows more about war than he does about taxes.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Editorial; News/Current Events; Politics/Elections
KEYWORDS: clark; clinton; dean; reform; surtax; taxes; taxreform; wesleyclark
Beware the old ploy.
1
posted on
01/07/2004 5:29:16 AM PST
by
OESY
To: OESY
As typically understood, tax reform involves trading lower tax rates for a broader tax base -- that is, lower rates on all income while reducing the scope and number of tax exemptions and credits. But that is exactly what raising corporate taxes does. Clark obviously does not know where the money corporations pay in taxes comes from. Or he thinks that we are dumb enough to not know. Which for demonrat voters is likely.
In effect he is raising the taxes on every consumer in the country by forcing the corporations to charge more for the goods and services consumers buy. And that is about as regressive as it gets.
2
posted on
01/07/2004 5:41:13 AM PST
by
CPOSharky
(Liberal method - Repeat lie until someone else quotes it, then use that quote as proof.)
To: OESY
...we should also mention that Mr. Clark's tax "cut" isn't universal even for taxpayers who make less than $100,000. He'd exclude millions of single folks and married couples without children.Hmmm... this might be a rather odd way of looking at Clark's proposal, but I can't think of a better way to encourage young people to settle down and stop having kids out of wedlock.
3
posted on
01/07/2004 5:50:56 AM PST
by
Mudcat
To: OESY
"
The kindest thing we can say about it is that we sure hope the retired general knows more about war than he does about taxes."
He doesn't, he didn't, and it won't matter, as long as he doesn't become commander in chief.
4
posted on
01/07/2004 5:56:36 AM PST
by
G.Mason
(I won't call them Nazis until the second revolution begins)
To: CPOSharky
"
But that is exactly what raising corporate taxes does....... "
5
posted on
01/07/2004 6:02:21 AM PST
by
G.Mason
(I won't call them Nazis until the second revolution begins)
To: CPOSharky
Who said anything about corporate taxes?
6
posted on
01/07/2004 6:09:05 AM PST
by
lewislynn
To: OESY
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"Okay Wes, now that we've taught you about foreign policy and tax scams, we'll tell you how to deal with the Red Chinese..." |
7
posted on
01/07/2004 6:12:20 AM PST
by
Fintan
(Some...Ovaltine?????)
To: lewislynn
Who said anything about corporate taxes?Clark did.
It wasn't in the article, but he was saying that in one TV appearance on his "tax reform."
8
posted on
01/07/2004 6:23:02 AM PST
by
CPOSharky
(Liberal method - Repeat lie until someone else quotes it, then use that quote as proof.)
To: CPOSharky
he was saying that in one TV appearance on his "tax reform."Oh, I don't watch them.
9
posted on
01/07/2004 7:04:27 AM PST
by
lewislynn
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