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07/20/2011
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Well simple ! End taxes on money brought back by US businesses from overseas.Cut taxes on estates,capital gains & dividends to zero over four years.Reduce federal corporate income taxes to zero over six years.Alternative Minimum Tax could be killed off now.
That would restore stability by allowing business to plan in a friendly pro-business environment that investors knew was going to get better.If we want investors to plough funds into private sector job creation then the tax rates on profits from that need to be competitive.Tax dodging would be less as rates fall.
This means more revenue to slash the fiscal deficit and extra job growth to boot meaning shorter dole queues.
Posted by: Matthew Reynolds | 07/21/2011 at 04:34 PM