[Hop A Long Cassidy]

Dropping or eliminating federal taxes on corporations would solve this problem. (Maybe cut some federal spending while they're at it.) On the other hand, closing the loopholes would drive U.S. corporations offshore. I recommend the former, but voters will probably do the latter. So, place your bets accordingly.

There has been a third solution: over the last 10 years the U.S. government has been trying to jawbone other countries to NOT offer lower taxes than the U.S. Likewise, Europe wants us to raise taxes.

Thus, another reason for increased spending for the military is to keep our restless taxpayers home on the farm and force the other farms to offer similar "benefits." You'd think the liberals would thus be for increased military spending for this very issue alone.

I believe countries are in a race to the bottom on taxes, and this will unfortunately clash with our baby boomers's desires for the existence of retirement funds and that medical funds actually to be there during our retirement years. "Remember, listen to what I say (trust me), not what I do (spend, spend, spend)."

The answer to more federal spending and socialism is not higher taxes; it's less taxes, less government, more individual choice and economic freedom. Don't follow what Europeans have done to themselves (high unemployment by government edict).

If taxes were higher for corporations, they would have to raise prices or layoff workers to get their required returns. Corporations do not benefit from lower taxes; the workers or stockholders benefit. That's INDIVIDUALS. Maybe we could tax foreign stockholders. If we did this correctly we could tax them so well they wouldn't invest here. Oooops. Actions have consequences.

Please note that Kerry is a dead ringer for exchange controls. As Bush has some kind of hidden desire to lose (showing his ignorance of election math with this illegal alien issue), be prepared for Kerry's anti-capitalist moves. Soros, the currency king, is whispering in his ear.

Hoppy

[ninenot]

Of course, it's possible that GWB's plan is to get behind the consumption tax after re-election.

This would fall in line with his HSA/HRA tax provisions and the RUMORED revision of SocSec to a partly-'contribution' basis.

IOW, consumers would be more responsible for their own retirement/healthcare needs, BUT the Tax Code would facilitate this.

Same would hold true under Consumption Tax--insofar as what you don't SPEND is not TAXED--thus, savings are easier to build. I would imagine that GWB admin would also put a 'sweetener' into retirement/health savings programs in addition.

[GOP_1900AD]

Eliminate domestic corporate income tax; VAT on all imports. Ban union membership by government employees (thereby opening the door to true performance and productivity management not to mention increased automation and RIF). Put the knife to every government program except for defense and the interstate highway system. Problem solved.