Posted on 10/28/2011 1:17:46 PM PDT by smoothsailing
Shhhhhh . . . yesterday I disagreed with RUSH LIMBAUGH on some point! No, wait. I disagreed with Rush Limbaugh AND Mark Levin on some point! On the same day! WOWZER!
The fact that other people are not concerned about the dangers Perry’s plan poses doesn’t mean I just drop pointing out the flaws I can see with my own eyes.
The thing is, very few people who support the Perry plan are even willing to acknowledge that there is an issue that involves the maintenance of the Fedzilla tax code, much less engage the specific criticisms of that aspect of Perry’s plan.
Jim Geraghty has commented on the optional+, as have others. I’ve seen them, you could find them on Google News, I’ll bet.
I don’t like ‘opportunity zones’ in Cain’s system. Who draws the line and how? Nor do I like a sales tax. Its one or the other, income or sales, take your pick. Not both.
At least Perry’s sets up an option (presumably for at least a while). Let the ‘free market’ decide which system people like better. It also reaches down and gets everyone in the system save those that can deduct their way out with the 12K personal deduction.
Regardless, both are better than the current system.
The criteria will be part of the very slim new tax code. It's not like they'll be decided willy-nilly.
Locales who want to voluntarily apply for designation as an OZ would have to first meet the criteria, some of which will be abolishing minimum wage laws (yes!) and implementing right-to-work laws (yes!). If they voluntarily meet the criteria and voluntarily apply, they can obtain the designation.
There actually are plenty of examples of these types of zones that have been in force already for years. For example, a rural area may obtain the designation of an "economic development zone." This gives it some favorable tax treatment under the present code.
So I don't see OZ as really a big deal in the end.
I just can't support the fact that Perry's plan leaves the present corrupt mess in place. And I don't believe it will die on its own. It will just get worse, in my view.
One thing people don’t realize is Perry is very much into each state doing what suits it best. You’ll find that he’s looking to the states rising to their own best practices and ideas.
It’s a bit early to take apart the tax system, that’s a few years out. Right now he’s more concerned with dismantling fed bureacracies and agents railroading growth and expansion.
Once we restore our economy and steam/powerwash out all the commies dragging down the USA should tax overhaul be the topic. Of course he has to address it, but he has much bigger fish to fry right *now*.
I meant as far as articles posted here on FR. Maybe there have been a couple, but most, weirdly, seem to be like this one: just whistling in the dark, as though that that big old Fedzilla tax code issue really isn’t STILL THERE.
Like I said: weird.
Good to hear Geraghty has remarked upon it. So did Podhoretz in the NY Post. He wrote a scathing bit how dumb and corrupt it was to leave the old system in place.
I don’t know why so many seem to want to ignore or duck the issue. It’s there and must be dealt with.
That sounds so very much like a teenage schoolgirl saying, “Stop being MEAN!”
I thought Cain’s newest iteration of his plan was: 867-5309.
:-P
He had nothing to do with McCain's failure to carry Ohio. McSenator Demento lost the state all on his own.
:o)
yeah..20% tax is fair? Give me a break..we should actually have zero tax on income just as the founders had it!
yeah..20% tax is fair? Give me a break..we should actually have zero tax on income just as the founders had it!
Death and Taxes, what a drag.
Bump!!!
But he didn't mean it, so King's X -- you're free of any obligation imposed on you by pushy Perrywinkle smoothsailing and her merry band of Perry Campaign fellow-troupers.
Hey, smooth, how's Clairity doing these days, after being banned for .... what was it, antisemitism? Make her get coffee, okay? Since she's not working FR any more, and all.
A lot of us spend a lot of time on this board and have for years. For some, it’s an obsession, but I’ve never seen any proof that it’s a profession.
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