Obama seems to be having a hard time reviving the economy. I have a hint for you Obama, get your damn nose out of it. We the PEOPLE know how to use our money better then you do. The old saying goes “It’s easier to spend someone else’s money then it is yours” There is no way in hell I’d give my money to a failing company. Here are some pointers for you.
1. Get rid of the IRS and income tax then change it to the Fair Tax. Imagine that 20%-40% of your check that you would get and spend. I mean they take enough out of my paycheck each paycheck I could make two car payments! Imagine the sales tax revenue since you get to choose where and when you spend your tax money on products you buy (Which by the way is constitutional, because it’s an indirect tax). In our current system we have no choice, instead it goes to some government bureaucrat who wastes it on programs that don’t work. You treat your money better than they do. I don’t need some bureaucrat telling me how my money would be spent best. If government bailouts worked… they wouldn’t need to do it three times, and these companies would be doing well right now. As we can see many companies are still in the tank, if not on the verge of bankruptcy. Name one time when the government has taken over something from the private sector and it has BOTH been cost effective AND efficient… *cough* DMV…
2. Lower (or abolish) the corporate income tax from 35% to 5% this way companies and jobs will stay here. This is a no brainer. Currently the corporate income tax is around 35%, and Obama wants to raise it even more. Tell me why companies would want to stay here if they can get cheap labor in China? If you had a choice to stay in a place that cost $5 dollars or $35 dollars, which would you pick? Can you really get mad at companies for doing the same thing? If the companies stay here, that’s more people working making tennis shoes in Tennessee instead of some province in China. That’s more tax revenue and spending here in the U.S…. thus boosting the economy. Remember there is no limit on wealth, only poverty.
3. Cut government departments such as transportation, Health and Education and leave them to the states. Can you honestly say that these things are better under government control? I mean come on… been to the DMV lately? These are just tools for the over inflated government to control our lives via permits, licenses, taxes etc… for things we do in our everyday lives. All they do is waste money. Get rid of them! Not to mention most of them violate the 10th Amendment.
4. Drill for our own oil and own coal. We have trillions of barrels of black gold and coal under our very feet. The oil companies are owned by stockholders who are the American people. Many are retirees and this is their retirement. When you tax the oil companies you are giving them less incentive to drill and maintain their equipment thus giving us less oil and at more cost. Makes no sense at all. Until [U]cheap and effective[/U] alternatives (not forced by legislation) come along we will continue to use oil. If you think the oil companies are making too much money, so what? Way more is going to our oil-producing enemies in the middle east and no one seems to think that is a crime. Keep the money here and drill our resources, it’s there, but the liberals in congress pander to the tree huggers and have put it off limits.
5. Get rid of the capital gains tax. STOP taxing investors, the more you tax them, the less they invest in companies. The less money companies have, the fewer jobs there will be. Cutting capital gains tax rates is the single best tax policy to improve economic growth. Capital gains tax cuts improve the entire economy. Remember most of the share and stock holders in this nation are just regular middle class people. Capital gains tax reductions stimulate economic growth, which benefits the entire country. As President Kennedy noted, "A rising tide lifts all boats." Remember, who can spend your money better? You will invest where your money is treated well. It’s simple math.
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