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Re: Dow Drops More Than 500 Points
Quote:
Originally Posted by drew54
I was thinking more along the lines of all of these tax incentives that are unnecessary. Do you really need a $7,000 credit to go buy an electric car. If you cannot afford the car don't buy it. Do oil companies need an incentive to drill for oil? Do people who want to fly on a private jet need an incentive to own one? I would much rather see that money go into fixing the highway I have to drive to work on every day. Except not fixing those pot holes is a stimulus plan for suspension and tire manufactures.
I agree the main problem is that there is no incentive to keep jobs in the US right now. Lower taxes for the top individual bracket alone is not going to do that. Better corporate taxes might.
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Check out the FairTax.
- Eliminates corp taxes (brings US business back from off-shore, brings foreign business here)
- Everyone keeps their full paycheck
- underground economy is taxed (all unreported income)
- significantly reduces (almost eliminates) the IRS
- simplifies the tax code (you don't need HR Block, etc to do your taxes...you don't do taxes)
- eliminates all tax loopholes provide by Congress to pet constituencies
Americans For Fair Taxation: Americans For Fair Taxation
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
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