SamIam |
10-14-2011 01:12 AM |
I came across the following when I was surfing the net, trying to find concrete solutions from the Right that would solve our economic malaise and unemployment problems. here's what Steve Forbes, CEO of Forbes Inc. and two-time Republican presidential contender had to say:
Quote:
But "it's not enough to say you're against deficits, bloated government and Obamacare. You've got to have something people see as positive."
True to form, Forbes says the GOP's path to the White House is paved with a "Reagan-esque pro-growth message," featuring a simplified tax code and less regulation, as well as a (true) strong dollar policy.
"Those are the kind of themes that will resonate," he says, citing former Minnesota Governor Tim Pawlenty's tax reform plan as a good example.
Last month, Pawlenty proposed cutting the corporate tax rate to 15% from 35% and the top individual income tax rate to 25% from 35% while eliminating taxes on capital gains, interest and dividends and repealing the estate tax.
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Well, that would certainly perk up the bank accounts of a few people. Meanwhile, the rest of us are being called upon to sacrifice - foregoing or post poning a college education, accepting that more people will be living on the streets, and more children will be raised by parents at or below the poverty line. And that's just for starters.
Plus, the fairy tale is that the wealthy "producer" class will create more jobs if we just lower their taxes. Now, correct me if I'm wrong, but when the W. administration lowered taxes for the wealthy in the previous decade, we saw very little - if any job creation. Oh, the financial and banking people had a blast, largely because the watchdogs were not on the job. But the rest of us have not been so lucky.
So, someone please explain to me how the 'pubs are going to get things running again for anyone besides themselves and their cronies in the legislature. :eyebrow:
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