A plan, which on the surface, appears to be very Reaganesque and commendable however business (in my opinion) has mutated since the '80s and I immediately envision Congress ripping this to shreds eliminating the following:
- Eliminating tax loopholes while lowering the Corporate tax rate to a "fair" 28% - seriously? As if Corporations suddenly want to pay what someone may deem their fair share? It's all about profits baby and low-to-no taxes means profits.
- Removing incentives to relocate overseas. Corporations have and will continue to shift their mfg to wherever costs are lowest. What's he smoking and why isn't he sharing?
Give them incentives TO manufacture here (more tax breaks)
He also proposes the sale of America Fast Forward (AFF) bonds to attract private capital to invest in infrastructure investments. This reminds me of the bonds which were sold in the 50's...........which I don't recall anyone raving about what a great investment they turned out to be. Just sayin'.
There are some good ideas here and I commend him for "saying" he wants to work across the aisle by investing in the future of America's workers. I'm obviously no economist, pundit or politician for that matter but you can already her big business stomping this sucker to death on the Hill. Sure, they'll push for lower Corporate taxes but stuffed in the pork will be loopholes galore and only tny slivers of anything to actually benefit and train the little guy. Another waste of time. This isn't Reagans Congress and Corporate cronies control the ball.
Read the full fact sheet here Jobs+Speech+7 30+Fact+Sheet+FINAL+for+RELEASE by caitlynharvey
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