Posted on 04/05/2012 3:45:09 PM PDT by Sub-Driver
Obama Administration Applauds Tax Cuts—In People’s 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 People’s Republic of China, Undersecretary of State Robert Hormats specifically applauded China’s decision to lower taxes because it would spur economic growth.
“What’s 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 it’s also good to boost consumption in China,” said Hormats. “So I think what’s interesting is that—sure, there are issues with China that I’ve 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!!!
Bump
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.
obamamao.
Check out my blog for more Obama outrages: The Obama Clarifier http://obamaclarifier.blogspot.com/
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.