Posted on 05/19/2010 5:24:00 AM PDT by Scanian
If you're going to get a "fair tax" considered, you'll have to take into account that everyone pays sales taxes. A large percentage pay no income taxes.
I'd be willing to to get on board something like that, but only with guarantees that we probably cannot get that the income tax will be killed and stay dead, otherwise we'll end up with both, as in Japan.
No one has proposed it as such, but general policy has actively encouraged it.
Tax breaks for companies that "ship jobs overseas" is actually a good idea. It might encourage them to keep the jobs in the US instead of moving them.
I'm square in the middle of all that at the lowest level. Google "India SEZ". That's the kind of competition that US firms are up against if they do not give in and outsource jobs.
So, India is grabbing jobs from the US by creating Special Economic Zones that offer incentives (like tax breaks and decreased regulation - we're exempt from many international tariffs) for business to move there. Fight fire with fire. Lower taxes on businesses operating in the US and ease some of the other burdens.
The flight of jobs out of the US is one that no one has seriously addressed. You can say "I stand for smaller government and lower taxes", but unlike Republicans of the recent past, you have to make it stick in practice. Make it attractive to do business somewhere and businesses will show up.
A large percentage pay no income taxes.
OOO! Great point! Especially in that depressed area!
I know...I know..its not supposed to impact those who don’t pay taxes now....
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