As a Nation we may be divided about the issues of the day. But when it comes to the subject of “Less Taxation” we should all be ‘United’. Less taxation means more money for individual prosperity and freedom, plain and simple. It’s not a complicated concept.
We have recently looked at the proposed taxation policy of the DNC presidential candidate, and now we will look at the proposed taxation policy of the RNC presidential candidate.
In the news is this description; “Trump to Deliver One of Biggest Tax Cuts Since Reagan”. The DNC candidate has recently proposed over a Tillion Dollars in tax increases, and the RNC candidate proposes monumental tax cuts. Hmm, a striking contrast between the two. Here are some quotes in a recent article by Andrew Mayeda; “If you’re a working-class American, there’s no question that an agenda that cuts taxes, that gets rid of regulations, redoes some of these trade deals in ways that are pro-America, is going to help,” said Moore”
“Trump will reiterate his plan to cut the corporate tax rate to 15 percent, Heritage Foundation chief economist Stephen Moore said Friday in an interview with Bloomberg Television”
There has been so much ‘outrage’ about large corporations (and individuals) using the complexity of the tax code, along with the ‘Offshore/Inversion’ schemes to keep from paying taxes on their ‘billions’ of dollars of profits due to the USA having one of the worlds highest Corp. tax rates. Imagine if all those billions ‘stay’ in the USA due to the Corporate tax rate being lowered to competitive levels around the world, what will happen to our economy; jobs, inovation, more jobs, yes prosperity.
Never forget it’s lower tax rates that drive jobs, NOT Govt stimulus/money printing/more debt (just look at this chart).
To read the entire article by Andrew Mayeda (CLICK HERE)