Skip to comments.Obama Administration Applauds Tax Cuts—In People’s Republic of China
Posted on 04/05/2012 3:45:09 PM PDT by Sub-Driver
Obama Administration Applauds Tax CutsIn Peoples Republic of China By Terence P. Jeffrey April 5, 2012
(CNSNews.com) - While making positive comments about the most recent five-year-plan developed by the Communist government of the Peoples Republic of China, Undersecretary of State Robert Hormats specifically applauded Chinas decision to lower taxes because it would spur economic growth.
Whats really encouraging to me is that there are a lot of groups in China that are reform-minded, Hormats said while addressing a group of foreign reporters in New York City last week.
And if you look at the 12th Five-Year Plan, a lot of what is in the 12th Five-Year Plan in China is very consistent with the kind of things we would like China to do in the interest of the global system, said Hormats.
China wants to have better distribution of income, for instance, said Hormats. China wants to depend less on exports and more on domestic demand, domestic consumption. China wants to address its environmental problems. It wants to deal with issues of corruption. All these things are big pluses.
China lowered taxes very recently, which will help increase demand, but its also good to boost consumption in China, said Hormats. So I think whats interesting is thatsure, there are issues with China that Ive mentioned--but I think a lot of the reform procedures that are going on in China are consistent with the kind of things that we think will be good for China and for the global system.
(Excerpt) Read more at cnsnews.com ...
You simply can NOT make this sh!t up.
Meanwhile we get the highest taxes on Earth and....
SHRINKAGE!!! Jerry, SHRINKAGE!!!
It’s all about their control of all of us.. It’s getting’ way past time some bodies get an All -American education in Constitutional freedom.
There is an awful lot of things baraq likes about China.
Check out my blog for more Obama outrages: The Obama Clarifier http://obamaclarifier.blogspot.com/
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