Monday, January 07, 2008

DEMOCRATS: Lower Taxes and Give Us Economic Freedom!

"Democrats in Congress remain committed to raising taxes on grounds that tax rates don't much matter to economic growth, and in any case they only help the rich. They may be the last public officials on the planet to believe this. In recent weeks alone, some of the unlikeliest political leaders have endorsed tax rate cuts in the name of making their economies better." READ (WSJ Opinion Journal).

A partial list of countries that have cut taxes:
  1. Spain reduced the corporate tax from 35 to 30% and personal income tax from 45 to 43%.
  2. Eleven former Iron Curtain nations have flat tax rates of 25 % or lower.
  3. Bulgaria now has a flat tax of 10%, the lowest rate in the world.
  4. Kuwait will slash the corporate income tax on foreign companies from 55 to 15%.
  5. It appears that 26 developed nations have "either cut personal or corporate income tax rates since 2005".

America has a corporate tax of 35% "one of the few developed nations left with a rate of more than 30%".

Leaders around the world have learned that to be competitive today and to grow their economy, tax rates have to be slashed. Perhaps one of the most amazing stories of a third world country moving to a first world status is Ireland. Where is the United States on this issue? With a very important presidential election this year the Democrats are still stuck in the 70's, mired in big government socialist ideology.

IT'S TIME FOR AMERICA TO GET WITH THE PROGRAM THAT PRODUCES WEALTH:
LOW TAXES AND ECONOMIC FREEDOM!

No comments: