Posted on 01/04/2016 7:05:50 AM PST by Isara
He opposes all subsidies.
By replacing the corporate income tax with a Business Flat Tax, jobs and growth will return to American soil, and a chronic source of temptation to tinker with the tax code through corporate loopholes will be eliminated.
Yes. Trump may lose Iowa. Toss it.
Dear Iowans: if ethanol is so good, it doesn’t need to be mandatory or subsidized.
Me, too.
On the one hand, I like having the choice to consume corn squeezins or gasoline and I have little doubt the choice wouldn't be there had the gummint not promoted ethanol with subsidies. And I've also little doubt that Big Oil gets all manner of corporate welfare, too, even if it's not as obvious to me.
But, in the end, I don't like the government picking winners and losers, and IF Cruz is consistent on that, I'll keep my plan to vote for him at my precinct caucus four weeks from now.
(Contrary to what many FReepers seem to think, a LOT of my fellow Iowans HATE ethanol for various reasons. Me, I make my purchase based mostly on simple economics. And, when it's a toss-up, I've generally picked farmers over sheiks, although I'm lately giving more weight to the Dakotas, too.)
i thought trump wasn’t controlled by special interests?? what is the ethanol lobby except a multi_billion dollar special interest?? To be in favor of the ethanol “standard” is crony capitalism at its purest.
He’s used to screwing bond holders.
Yes definitely those two things...
But, in the end, I don't like the government picking winners and losers, and IF Cruz is consistent on that, I'll keep my plan to vote for him at my precinct caucus four weeks from now.
Yes there is the pure capitalist ideal there...
(Contrary to what many FReepers seem to think, a LOT of my fellow Iowans HATE ethanol for various reasons. Me, I make my purchase based mostly on simple economics. And, when it's a toss-up, I've generally picked farmers over sheiks, although I'm lately giving more weight to the Dakotas, too.)
You hit upon the fact that so many industries are subsidized, like wind power, coal, nukes, aviation, etc. All of those pale in comparison to the subsidization of voting Democrat. The welfare slice of the pie makes the military slice look small. So by the time you get down to ethanol the sliver of pie can only be seen with a microscope.
Why doesn't Cruz point out that gross subsidization? Who cares about nickels and dimes when we've spend trillions on welfare and are shipping in more demographic democrats every day.
Some of the business where I work is based upon the production of ethanol. Corn is now in the three dollars per bushel rather than seven or eight. That has quite an impact on the tractor stock I just bought.
Yes, many mixed feelings.
Two questions for you. First, if what you say is true and he is "owned" by big oil, then why does Cruz also oppose subsidies for big oil in addition to opposing subsidies for wind, solar and other forms of energy?
Second, even if what you say is true, does that make his opposition to mandates and subsidies for ethanol wrong? I remember not too long ago when the majority of conservatives opposed government subsidies in general, and for ethanol in particular. What happened that so many conservatives are now all in favor of ethanol mandates and subsidies?
see my 42
Lol, Catherine! is that a picture of you?? You may need a bigger bucket!
I just responded to jpsb on another thread in which he posted, “Take your meds.”
They’re running out of anti-Cruz steam, LOL.
LOL...I don’t think I can hold it all!
Ooooh, yeah, looks like Cruz has a big problem on his hands, so you better ping some more of the pack to gloat.
Post #41 has a pic of the protest crowd, LOL.
I could do the anti-Cruz thing (like yall do the anti-Trump thing 24/7), there is lots of material for me to work with. But I do not think bashing Cruz helps Trump so unless I come across blatant lies I try not to get into a pissing contest with the Cruz bots here. Trump is going to need their votes in Nov so there really is no point in needlessly pissing them off.
Have no fear. I will not vote for trump in November, or at any time.
Trump won’t be the nominee, but if he were, I would never vote for him. And I’ll speak nothing but the truth about that progressive.
Here's another take from WSJ.
Sen. Ted Cruz's 16% business flat tax (A Simple Flat Tax for Economic Growth, op-ed, Oct. 29) will put my small temporary-staffing company out of business. Instead of a gross profit of $300,000, under his plan I would lose in excess of $200,000 after taxes.
Consider the following figures from my 2014 financials: revenue of $4.5 million, payroll of $3 million and gross profit of $300,000. I certainly appreciate the elimination of the corporate income tax. And I acknowledge that the elimination of the payroll tax will save me $200,000 (7% of a $3 million payroll), which would have increased my 2014 gross profit to $500,000. But the 16% gross receipts tax of $720,000 (16% of $4.5 million) is a killer and would have resulted in a 2014 after-tax loss of $220,000 ($720,000 minus $500,000). Simply put, a tax on business revenue, irrespective of profitability, is death to the small-margin service industry.
John Masters Cincinnati
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