It just needs working on. Basic principle fine. Reduction in Corporation tax to 25% does not have to happen in total year 1. The right of of capital expenditure is in my opinion fair. Yes machinery is an asset in theory until you try to sell it in which case you usually get very little. Over a five year period I can't see it making much difference to central funding. The difference is 80% first year, 60% second, 40% third ....
Both these measures would give a very clear indication that he wants to encourage business development and set up in the USA. They are needed and with the weaker dollar they could lead to a much stronger economy. However he does need to clear up whatever little perks and anomalies that there may be within the tax system. Keep it simple keep it fair.
On Child allowances I don't think the tax credit system is the road to take. On personal tax you should not tax below the poverty line and after that tax at whatever level is necessary to pay for government. Keep it simple.
If that is what he is suggesting, plus reduced government fair enough. What would really worry me is ever increasing deficits. He is going to have to raise tax in order to redistribute it and hope that in a growing economy that tax can come down. The problem is you would need to be very careful about raising tax as it could send some people under the way things are at the minute.
It needs a lot of work, and it would be a series of steps and if so fair enough. The really scary part is if he tries to introduce it by printing money. That is when the la la economics start and that is what really worries me.
He also needs to look at the economy's dependence on oil and take measures to reduce it. A world where the Middle East was of reduced strategic importance would be a better place for us all.
Just thought I would add these three comments on CNBC from each of the candidates; Which of the 3 strikes you as being most committed to a growing economy and which is not? Which sounds as though it has been issued from a different planet?
Hillary Rodham Clinton
"Last year, more people went bankrupt in our country than graduated from college."
John McCain
"Entrepreneurs should not be taxed into submission."
Barack Obama
"In our new economy, there is no shortage of new wealth. But wages are not keeping pace."
Barak's seem the most concerned about those on low incomes. I think his is the most sensible. However, Sinn Féin will work with whichever person is returned.Originally Posted by Squire Allworthy
RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams
John McCain's quote.Which sounds as though it has been issued from a different planet?
Taxation levels have little to do with the causes of the current crisis in the US.
Indeed. The US actually has quite low tax levels.
RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams
gosh that will be such a relief to the american electorate , i hear that it was rapidly becoming a HUGH campaign issue for them, esp for poor McCain with his being of scottish protestant linage
Enda Kenny on FF government: “We’re in this mess, not because Fianna Fáil policies have failed, but because they have succeeded.”
Do not underestimate the Irish vote which god President Clinton elected.gosh that will be such a relief to the american electorate , i hear that it was rapidly becoming a HUGH campaign issue for them, esp for poor McCain with his being of scottish protestant linage
RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams
whilst all large ethnic blocks in the US are important in the context of an election do you really think that any tangible amount of them picked a candidate based on the candidates position on NI or SF ? In a time where the US economy is in recession, with serious inflation, property repossession and unemployment i doubt even many of the so called Irish American's will rate the candidates position on NI or SF as being of any relevanceDo not underestimate the Irish vote which god President Clinton elected.gosh that will be such a relief to the american electorate , i hear that it was rapidly becoming a HUGH campaign issue for them, esp for poor McCain with his being of scottish protestant linage
also Clinton had no involvement or interest in Ireland before becoming president, so i don't think that was terribly relevant in his election (it may have helped with some in the re-election but that again was probably marginal)
Enda Kenny on FF government: “We’re in this mess, not because Fianna Fáil policies have failed, but because they have succeeded.”
Well I think that Irish Americans understand the importance of the peace proces and having a president that is supportive.whilst all large ethnic blocks in the US are important in the context of an election do you really think that any tangible amount of them picked a candidate based on the candidates position on NI or SF ? In a time where the US economy is in recession, with serious inflation, property repossession and unemployment i doubt even many of the so called Irish American's will rate the candidates position on NI or SF as being of any relevanceDo not underestimate the Irish vote which god President Clinton elected.
gosh that will be such a relief to the american electorate , i hear that it was rapidly becoming a HUGH campaign issue for them, esp for poor McCain with his being of scottish protestant linage
also Clinton had no involvement or interest in Ireland before becoming president, so i don't think that was terribly relevant in his election (it may have helped with some in the re-election but that again was probably marginal)
John McCain was not supportive of Gerry Adams in 2005 and that will count against him.
RIRA not in my name-Traitors to Ireland MMcGuinness; People are entitled to cultural & social equality MLMcDonald; We have a length to go understanding unionism GAdams
LinkBack URL
About LinkBacks
Reply With Quote