Since tax rates increased the end of 2012 when the Bush tax cuts expired, or economy has grown faster, more jobs were created and the annual deficit has been reduced. Raising the tastes on the highest earners, eliminating write offs for corporations to move manufacturing overseas, eliminating the ability for American companies to invert or use tax shelters to hide profits and forcing ask of the above to invest in America, not China, for tax deductions ava eliminating the capital gains tax rates will spur growth in GDP, jobs and reduce the national debt. Since 1981, companies and the highest earners have been able to do more and earn while risking less, and forcing us to pay for it. This is why it was so important that congress eliminate part of Dodd-Frank in this last budget. It allowed them to use FDIC insured deposits, yours and my bank accounts, to invest in shady desks, which was one of the major driving factors of the global economic collapse in 2008, and much of why we spent three quarters of a trillion dollars, thats $780,000,000,000, to bail the banks out! Because of what was included in the budget that was passed to prevent a shutdown, again!, the banks can once again gamble with OUR money. It they do well we get nothing, but if they do badly, are responsible ava must pay for their mistakes AGAIN!
Posted on: Tue, 30 Dec 2014 04:01:08 +0000