The choices we make do have consequences. Things are moving very fast from here with the election about 100 days away. At the top of our list of ‘priorities’ is the subject of TAXATION, and which candidate fits our model of ‘Supporting Lower Taxation’.
It’s pretty clear at this point that the Democratic candidate’s agenda regarding Taxation is NOT going in the right direction. A recent article by John Kartch and Alexander Hendrie sums it up in a very clear and consise manner. What’s amazingly frustrating is that it’s widely known by economists that cutting taxes spurs growth, increasing taxes suppresses growth. Here are some highlights of their article;
“Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, an “Exit Tax” and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.” “Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC’s George Stephanopoulos if her pledge was a “rock-solid” promise, she slipped and said the pledge was merely a “goal.” In other words, she’s going to raise taxes on middle income Americans.”
Income Tax Increase – $350 Billion Business Tax Increase — $275 Billion “Fairness” Tax Increase — $400 Billion Capital Gains Tax Increase Tax on Stock Trading Exit Tax” Hillary’s plan moves in the wrong direction.
To read the entire article (CLICK HERE)