?

Log in

No account? Create an account

Previous File Entry | Next File Entry

Dale's Economic Plan :-)

First: Make the Bush tax cuts permanent. You got this ticking time bomb out there that the W tax cuts will expire in 2010, and alot of people are going to get a hefty tax increase. Why have the question mark hanging over the economy?

Second: Reduce coporate taxes. Giuliani is right. USA has the second highest coporate tax rate in the world - hovering around 35 to 39 percent. Cut it down to 25 percent - or as low as you can go! America will once look like its serious about business if you lower the coporate tax rate.

Third: No tax rebates. As much as I would love $200 to $400 back, I like a lower rate, permanent. The money isn't that much and will have short term, not long lasting effects. The stock market still plunged on Thursday despite news of possible tax rebates. Besides, rebates are our leader's way of saying they have control over us, parceling out "favors" to us. Aren't we lucky dogs.

Lastly: Ignore the Democrats. Please! Class envy, along with class and racial warfare will not get us anywhere. The Democrats definition of the rich is anybody who makes a dollar a week more than you. Taking our money and then acting like you are doing us a favor is not Mother Teresa. How about not taking the money in the first place?

Comments

( 3 conspiracy theories — Conspire Here! )
magictaco
Jan. 19th, 2008 12:42 am (UTC)
I like your proposals. Allow me to add a few:
5. End the taxation of dividends. This is double taxation since the corporation has already paid corporate tax on these assets.
6. End taxation on securities held for more than 5 years. This will encourage investment and provide more stability to financial markets. (I would consider a 2-3 year holding period for small/mid-cap stocks).
7. Flat tax with strictly limited deductions.
8. Abolish federal agencies that can have their work done by the states. (E.g. do we need a federal dept of transportation now that the national infrastructure is already built? Can't we just let states care for roads within their borders? Doesn't a federal agency just redistribute our gas taxes to Alaska?)
9. Abolish agricultural subsidies.
10. Cut federal government spending by 30% or more.
dgreatone
Jan. 19th, 2008 02:11 am (UTC)
I like your ideas too!

But on #10 - remember over half the federal budget is entitlements: Social Security, Medicare, Medicaid, fed retirements, etc.
magictaco
Jan. 19th, 2008 06:55 am (UTC)
Leaving the other 50% for paring!
SSI can be switched to defined contribution, so can federal pensions.
Medicare/Medicaid can be delegated to states via block grant or privatized.
( 3 conspiracy theories — Conspire Here! )