December 15, 2010
Written by Trupiano · Filed Under Op/Ed, U.S.
One Response to “Tax Cut Compromise Will Help Fund NASCAR Tracks and Rum”
Actually, just perusing this list, it looks like we are comparing apples to oranges. Almost all these on the list are either the prevention of a tax increase or a reduction in taxes on a business entity that would otherwise be required to pay those taxes. If you rightfully and logically understand that all taxes are ultimately paid by the consumer,(what you thought a business just took it on the chin or it comes out of the CEO’s salary, wow.. you might want to use logic and think for a change, they roll the cost of products, services including all taxes into the price of goods and services..) then these are simply decreasing the burden on consumers, otherwise the taxes are simply passed onto the consumer. Most people that are upset with earmarks are upset with the idea of giving away tax revenue, i.e money taken from American tax payers and given to special interest groups for some ridiculous pet project.
If we want jobs in this country, then if a company manufactures or delivers a service utilizing 60% of the labor in the geographic boundaries of the United States, then that entity owes not federal tax. We will have an immediate growth in manufacturing industry as this will give businesses here in the US a competitive advantage, it will also encourage companies world wide to build manufacturing facilities here in this country getting goods closer to the consumer reduces time to market, reduces shipping cost and the combination of no taxes and these operational cost means their product can be priced much more competitively against others. The overall tax revenues would be increased due to the higher number of employed paying taxes.. and the taxes are no longer hidden in products, but the payee actually can see the true cost of government services.
IMO.. this is a win, win.. lets quite with the Republican and Democrat finger pointing.. start thinking outside the box.
oh well if nothing else I can at least enjoy watching the races with a little rum
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