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 Jim DeMint Ping! |
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Gov. Mark Sanford Ping! |
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. . . . .
Permanently repeal the Alternative Minimum Tax.
Permanently fix tax rates on Capital Gains and Dividends at 15 percent.
Permanently kill the Death Tax for estates under $5 million in value, while permanently fixing tax rates on estates of higher values at 15 percent.
Permanently extend the $1,000 per child Child Tax Credit.
Permanently repeal the marriage tax penalty.
Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.
Permanently reduce top corporate income tax rates from 35 percent to 25 percent.
Permanently reduce top personal income tax rates to 25 percent. The only other two brackets will be 15 percent and 10 percent.
. . . . .
No American family should be forced to pay the federal government more than 25 percent of the fruits of their hard labor.
Every problem now plaguing our economy can be directly traced to some government policy that was passed over the vehement objections and prescient warnings of principled conservatives.
. . . . .
And, on the Obama-Democrats-Communist stimulus proposal...
Rest assured, unlike the oceans at President Obama’s command, the elevated spending levels in this bill will never recede.
This bill is not a stimulus, ladies and gentlemen; it is a mugging. It is a fraud. Conservatives who fear proponents of this bill want to inch our economy closer to European-style socialism are kidding themselves. The proponents of this bill want to strap a big rocket on the back of our economy and launch it all the way to Brussels!
GO SANFORD/DEMINT!!!
So let’s see:
There are no capital gains (long or short term) after the past year. Dividends are being slashed left and right.
So much for the benefit from those tax cuts.
$1000 per child tax credit? Why should I be subsidizing someone else’s procreation?
Marriage tax penalty? Yea, I guess so.
Top corporate rates? That might help, but most corporations simply pass along the tax expense.
The GOP is missing the boat completely here. They’re peddling the same laundry list of stuff they were trying to peddle in the Bush years. They need a new-new thing.
How about we remove all barriers to repatriation of foreign earnings for US corporations? That could bring as much as $600 to $700 billion back on-shore.
Or how about making targeted tax cuts for small businesses (less than 500 employees), since the majority of all jobs created in the US are from small business?
Sadly the GOP is too dumb to suggest something effective.
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Jim DeMint Ping! |
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Gov. Mark Sanford Ping! |
Cap. gains and corp. taxes = 0.00% That is what they should be as they represent the worst taxation policy. This would repatriate an estimated $300 billion held by corporations overseas for tax reasons and drive capital back into our markets.
Repeal SOX and mark to market (sorry Barry R. it is a stupid rule) and Americans won’t know what to do with their new found wealth.
That would destroy every small business in America.
[Permanently limit itemized deductions to charitable contributions and mortgage interest, simplifying the tax code.]
WHY? I don’t want to pay federal income tax on money I turned over to state and local governments (real estate tax, state income tax, personal property tax).
Heck, just giving every American the 7 grand the bill is costing everybody would make a big difference....:)
We would feel a lot more secure!
Bump and thanks...