Newt still advocates the same old tired policies of that corporations shouldn't pay any taxes, even though they do consume resources that others pay for. He also feels that "invested" income should be taxed less than a person who is earning a wage.
Its the same old spin. Lower taxes do not create jobs. Lower taxes do lead to more borrowing so that things can be MAINTAINED, but not improved.. Look at the brideges and roads that are defiecient in this country. Look at sewer and water system, or water treatment plants. Look at the instance of diseases at slaughter houses with lax enforcement. Look at the IRS with a reduction in agents, more people are knowning cheating along with corporations.
And given the history of the republican party, when they talk of federal pensions, they are indeed talking of pensions of the military and the health care costs associated with them.
Newt doesn't advocate no such thing regarding Corporate taxes, in fact, its the opposite -- he feels we should have competitive C.T., not the highest in the world which is stifling businesses to compete in the global market. There are two reason why businesses move off-shore, High corporate taxes, labor unions high demands and restrictive Government regulations.
Our current Corporate tax rate is around 30%, whereas Canada has recently lowered theirs to 17%. Get the picture?
Every year, the government produces thousands of pages of new regulations, often spelling out in painstaking detail exactly what businesses can and cannot do - reflecting an inordinate cost to business, which results in the lack of job creation.
While unions and their supporters on the Left like to blame Corporate America for the de-unionization of the U.S. that has transpired over the last 30 years, the reality is that unions add costs that are unrelated to wages and benefits and often unsustainable in a competitive environment.
Unions and their supporters on the Left often argue that unionization is good since it (arguably) puts more money in workers’ pockets. Unfortunately, the corollary question is never asked: What good are higher wages and benefits on the unemployment line? In other words, what good is a union if the union eventually drives your company out of business?
Leftists often focus purely on the wage and benefit effect on workers and all-too-often ignore the effects that unions have on companies.
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It is this administration that is working on taking benefits from the retired military. In fact, it is the Republicans that our enraged over this attempt. Those that our retired are completely cognizant (or they should be) of the Pentagons aspirations under Secretary Panetta in screwing the Military - There is two groups this ersatz president has disdain for, and that is the military and the elderly....Wise -Up!
It's all here... http://www.inquisitr.com/200985/obama-to-cut-...