Thus tax deal is a bad bill without any additions and should be defeated. Its extension of the tax level for two years does not add certainty to the business climate. We have to go through the same cliffhanger in two years. It does not help business planning for any long term and thus does not encourage much hiring. This is the kenyan’s way to give Republicans something they can show to their conservative constituents and say they won while Soetoro knows that business will remain in a holding pattern. The Republicans need to go for a full permanent enactment of the current tax levels AT A MINIMUM. Kill the thing then in January pass a 10% earned income tax with no deduction, no exemptions. Then couple that with either elimination of business, dividend, and capital gains taxes and get out of the way of the stampede of factories coming back to the USofA. Unfortunately it would also lead to a rapid rise in revenue to the government.
Thus tax deal is a bad bill without any additions and should be defeated. Its extension of the tax level for two years does not add certainty to the business climate. We have to go through the same cliffhanger in two years. It does not help business planning for any long term and thus does not encourage much hiring. This is the kenyan’s way to give Republicans something they can show to their conservative constituents and say they won while Soetoro knows that business will remain in a holding pattern. The Republicans need to go for a full permanent enactment of the current tax levels AT A MINIMUM. Kill the thing then in January pass a 10% earned income tax with no deduction, no exemptions. Then couple that with either elimination of business, dividend, and capital gains taxes or extend the 10% to those as well and get out of the way of the stampede of factories coming back to the USofA. Unfortunately it would also lead to a rapid rise in revenue to the government.
I want to personally thank all of the ignorant Nevadans who have decided to keep this man in office.
You are right, my dear friend!