That’s why you never hear from a Santorum supporter about Saint Rick’s excellent, visionary platform. It always starts off with “Newt is a SOB!”, or something along those lines.
The 0 percent for manufacturers is most likely Rick’s way of paying back his union buddies, who will just support the libs anyway. It’s also playing favorites. It’s funny that I heard him call this a “flat tax”, even though it’s 17 percent and 0 percent, two different tax rates. I don’t understand why he doesn’t call for eradicating the Capital Gains Tax. Makes no sense to me at all.
I prefer a fair tax myself. I actually really like Cain’s 999, and he promises to continue campaigning on it. After this nomination fight is over and we have Newt, I’m jumping back on the Cain train and will do all I can to promote it (which isn’t much). Nevertheless, Newt offers a flat tax at 15 percent, and corporate flat tax at 12.5 percent. No favoritism here. It’s a good step in the right direction towards a truly equitable tax system. Each person paying the SAME amount, no favorites, no picking winners and losers, no using government to discourage certain business or encourage others at the expense of still many more.
It’s my dream to one day see the progressive tax system we have now utterly destroyed and incapable of resurrection. Destroying it would do this country a lot of good.
There. Fixed it.
I don't follow you here. "Flat tax" proposals come in a lot of flavors, and some are pretty loophole ridden. Some, in fact, are really not flat taxes at all, but rather somewhat bold tax simplification plans that try to claim the flat tax mantle for tactical reasons. That said, every "flat tax" proposal I have ever seen, including the self-advertised "pure" ones, has a zero bracket amount and then a flat tax on incomes above that level. How is this any different?
FairTax ping!
FairTax ping!
Well said. As a small business owner, I like Newt’s 100% deduction for the purchase of equipment, machinery, or other business improvements, instead of depreciation over several years.
That one tax incentive can translate into thousands of jobs as those small businesses convert that capital to hiring. This one deduction would also give a boost to the manufacturers who make the equipment, etc.
Like Newt’s Energy Plan, his Solutions are broad reaching and really offer hope to people looking for decent paying jobs.
Newt has said he wants Cain on the team for tax reform. Lots of tallent and sound business knowledge there.
I’m a fan of your posts. Keep up the good work!