Matt Collins
07-17-2009, 03:31 PM
Barack Obama: Tax Cutter?
http://origin.ih.constantcontact.com/fs073/1102236309048/img/20.jpg?a=1102642356667
In a dramatic July 11 speech, delivered in Ghana and broadcast across the continent of Africa, President Obama declared:
"No business wants to invest in a place where the government skims 20 percent off the top..."
Wow! Has Barack Obama become... a tax reformer?
Because a lot of American citizens and businesses would *love* to encounter tax rates of 20%.
Consider:
* According to (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2DS7HRFoBgoZSzNbCL7w15obDeoN-qid8MehNss_Nm4bqfcK2FoseJ9sVAZGAhpjIKTBAJPUakUA4gR uhm8Tp_0vzlxmsP7960ekuoSapZoVxaSxTgd41tPLm-soqiBqtdFh59hoxduui3BKgY30Gcu) Americans For Tax Reform (ATR), under President Obama's budget this year federal spending will account for 28.7% of GDP.
* ATR further notes (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2AqXnVolgyd5ndq9a755Z7ibGQsEsbGXK_K9 xtaRsx0P-3xA2_UhzdJJZ8LqgaJ28x1Vm1gUdmPUmCPgcmV8t60zC3eIIhZ 1qF-Imf8gfXaAHkPMGomj_wH44IabFABgPXSlpnFsYO_azstlVns2d 6x): "The U.S's exorbitant average marginal corporate tax rate of 39.3% is exactly the reason business and investment is fleeing the U.S in droves." That tax rate is the second-highest in the world (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2CSiVg9biyrX_wk11iF5sjg-31YjwsNO5-st1lZiT6p1MOvt_v7Q0lHej-qy9HcuFyovAmUUocxGYz37CCu40eFL1lN3Gnqv2wHmW_zV6A5C oMeEuE1cmKiGcAADznl8C_ry4Yh8pw2v3dgrT8WO2ZDQGljXRg jQMZWpnhxisFagQ==).
* According to (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2Ax-JOT3LWuycpyDtuejWiZXIa1v-0p0SsvG-8-VmBfhwP1WdZ_STqu98NtAJ0KNuUq8KY_rBRYUUT5RrsxSRkfAT a2n-iktEDRG2FCpF8wcPdKw6I2_BIv5nckBGfA0mNTCopP1LLO4lTh VhqcLLpo) The Tax Foundation, this year taxes will eat up 28.2% of our national income. (Other estimates put the total tax burden far higher.)
So bring it on, Mr. President -- let's cap personal and corporate taxes at 19% or less. It would at least be a step in the right direction.
As The Tax Foundation says (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2Ax-JOT3LWuycpyDtuejWiZXIa1v-0p0SsvG-8-VmBfhwP1WdZ_STqu98NtAJ0KNuUq8KY_rBRYUUT5RrsxSRkfAT a2n-iktEDRG2FCpF8wcPdKw6I2_BIv5nckBGfA0mNTCopP1LLO4lTh VhqcLLpo): "What's good for Ghana is good for the gander."
SOURCE:
http://www.theadvocates.org/liberator/archive.html
http://origin.ih.constantcontact.com/fs073/1102236309048/img/20.jpg?a=1102642356667
In a dramatic July 11 speech, delivered in Ghana and broadcast across the continent of Africa, President Obama declared:
"No business wants to invest in a place where the government skims 20 percent off the top..."
Wow! Has Barack Obama become... a tax reformer?
Because a lot of American citizens and businesses would *love* to encounter tax rates of 20%.
Consider:
* According to (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2DS7HRFoBgoZSzNbCL7w15obDeoN-qid8MehNss_Nm4bqfcK2FoseJ9sVAZGAhpjIKTBAJPUakUA4gR uhm8Tp_0vzlxmsP7960ekuoSapZoVxaSxTgd41tPLm-soqiBqtdFh59hoxduui3BKgY30Gcu) Americans For Tax Reform (ATR), under President Obama's budget this year federal spending will account for 28.7% of GDP.
* ATR further notes (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2AqXnVolgyd5ndq9a755Z7ibGQsEsbGXK_K9 xtaRsx0P-3xA2_UhzdJJZ8LqgaJ28x1Vm1gUdmPUmCPgcmV8t60zC3eIIhZ 1qF-Imf8gfXaAHkPMGomj_wH44IabFABgPXSlpnFsYO_azstlVns2d 6x): "The U.S's exorbitant average marginal corporate tax rate of 39.3% is exactly the reason business and investment is fleeing the U.S in droves." That tax rate is the second-highest in the world (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2CSiVg9biyrX_wk11iF5sjg-31YjwsNO5-st1lZiT6p1MOvt_v7Q0lHej-qy9HcuFyovAmUUocxGYz37CCu40eFL1lN3Gnqv2wHmW_zV6A5C oMeEuE1cmKiGcAADznl8C_ry4Yh8pw2v3dgrT8WO2ZDQGljXRg jQMZWpnhxisFagQ==).
* According to (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2Ax-JOT3LWuycpyDtuejWiZXIa1v-0p0SsvG-8-VmBfhwP1WdZ_STqu98NtAJ0KNuUq8KY_rBRYUUT5RrsxSRkfAT a2n-iktEDRG2FCpF8wcPdKw6I2_BIv5nckBGfA0mNTCopP1LLO4lTh VhqcLLpo) The Tax Foundation, this year taxes will eat up 28.2% of our national income. (Other estimates put the total tax burden far higher.)
So bring it on, Mr. President -- let's cap personal and corporate taxes at 19% or less. It would at least be a step in the right direction.
As The Tax Foundation says (http://rs6.net/tn.jsp?et=1102642356667&s=57420&e=001d_ZeYsV8H2Ax-JOT3LWuycpyDtuejWiZXIa1v-0p0SsvG-8-VmBfhwP1WdZ_STqu98NtAJ0KNuUq8KY_rBRYUUT5RrsxSRkfAT a2n-iktEDRG2FCpF8wcPdKw6I2_BIv5nckBGfA0mNTCopP1LLO4lTh VhqcLLpo): "What's good for Ghana is good for the gander."
SOURCE:
http://www.theadvocates.org/liberator/archive.html