Posted on 11/06/2011 5:21:00 PM PST by justsaynomore
Adding a new tax is never a good idea. These taxes will not stay at 9%. No way.
By taxing income and consumption virtually everything is taxed twice—violating a supposed reason to change the tax code.
nein nein nein
Rich Lowrie is very clear in his explanation of the plan, its premises and its promise.While it was scored independently to be revenue neutral, its effect will be to pull out 40% of tax and replace it with 27% (9, 9, 9).
Production, not spending, drives productivity.
In Iowa Democrat Boswell is braying about Cain on Whirlpool's board when it moved production and cost local jobs.
This is why America is failing: If business costs 35% here but 17% abroad, the business goes where the regulatory and tax burden is less.
Obama is a pure Marxist: take, take, take--ostensibly for redistribution, but obviously for confiscation's sake.
Rich Lowrie has infinite patience with whiners with partisan axes to grind.
He even rebuffed the saccharine and glutinous shrew Bobbi Jackson's demeaning of his credentials.
We have a Harvard "educated" president--what has it got us but the biggest debt growth and job loss of the Republic.
Nice point that progressive tax drives boom/bust and inflated spending during increased revenue which distorts budgets.
Let's just say Democrats are the vampires so popular of late with the fantasy-preferring youth.
Hope and change: take a bucket form the deep end of the pool and pour it in the shallow, hoping the level will rise.
We're fortunate to have Rich Lowrie and Herman Cain explaining how prosperity is created: by risk-taking which only occurs with reduced regulation and taxation.
Say, does it sound like Ronald Reagan here. . . .
The nation needs its tax structure reformed, its spending brought under control, its debt reduced and its overall governing structure made far more responsive to the needs of the people. The nation needs many other problems addressed. If its OK with the American people, I would like to address them.
It is not an additional tax, it is a replacement tax.
Did you listen to the interview?
He is adding a national sales tax (or is it a vat?) to the other taxes. No?
Watch the interview.
Bump
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