Posted on 10/10/2007 5:22:09 AM PDT by shrinkermd
DEARBORN, Mich., Oct. 9 -- On a day when stock indexes hit record highs, Republican presidential candidates gathered here Tuesday for a group defense of low taxes and free markets and warned that Democrats, particularly Sen. Hillary Rodham Clinton, pose the greatest danger to the nation's future prosperity.
Former senator Fred D. Thompson (Tenn.) finally joined his rivals in a televised debate, adding his voice to the chorus singing the praises of free trade, a reduction in regulation, private health care and reduced government spending. Like the others on the stage, he made his points by taking aim at the opposition party.
"When the Democrats start targeting the rich guy, if you're a middle-class guy you ought to run to the other side of the house, because you're going to get hit," Thompson said. The former "Law & Order" star appeared nervous as the debate began but seemed to grow more comfortable by the end of the two-hour event.
"I've enjoyed watching these fellas," he said when asked if he enjoyed himself. "I gotta admit it was getting a little boring without me."
The week-long spat between former Massachusetts governor Mitt Romney and former New York mayor Rudolph W. Giuliani spilled from the campaign trail onto the stage, with each accusing the other of failing to keep taxes low and to control spending.
(Excerpt) Read more at washingtonpost.com ...
Michael Reagan was just on fox news saying “The only man with the trade answers was Duncan Hunter”.
I think this is why many Republicans are extremely miffed with incumbents...me among them. They had their chance and did nothing with it. Gees...they couldn't even agree on a tax cut when they had power. How hard is it for those clowns to realize that I think I know how to spend my money better than they do? I am thoroughly fed up with them. I'd love to throw them out, but Hillary simply scares me to death. A true dilemma: Two choices, both bad.
Hunter had his best debate and looked good to me. Romney did well and Thompson held his own considering it was the first debate he’s been in.Stay tuned !!!
True free trade (revocation of taxes and tariffs on most services and products, not managed “free” trade, with offsets, like NAFTA) is the best antidote against socialist government “solutions” like raising minimum (”living”) wages and domestic taxes on personal and corporate income as those put us in distinctly inferior competitive position compared to foreign goods and services.
http://news.bbc.co.uk/2/low/business/7037445.stm
Hong Kong tax cut to boost growth
Hong Kong has said it will cut taxes, in a move to promote further growth and lure foreign investment.
Leader Donald Tsang said taxes would be cut by 1 percentage point, to 16.5% for firms and 15% for individuals, in the first policy speech of his new term.
In addition, HK$250bn ($32bn; £15.7bn) is to be spent on infrastructure.
Hong Kong’s boom comes amid wider growth in Asia that has sent stock indexes to new highs. Earlier in the day, India’s Sensex set a new record.
The Mumbai-based index added 378.79 points or 2.07% to reach an intraday high of 18,659.03, ahead of a record level set a day earlier.
Robust economy
In announcing the tax cuts, Mr Tsang said: “We will consider further profits tax relief if our economy remains robust and our public finances stay sound.”
The newly-announced infrastructure plans include links between Hong Kong, which became a Chinese “special administrative region” in 1997, and China itself by rail, as well as more local transport.
Such projects are tipped to create 250,000 jobs and, Mr Tsang said, could boost the economy by some HK$100bn yearly.
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