It’s amazing those that criticize other’s understanding of the facts, are so lacking in knowledge in what happened after Gingrich left office. The welfare State he tried to dismantle has been reconstructed, and they didn’t see it happen.

A consumption-based tax has a lot of merit. Some essentials could be exempted. There is no reason that this has to be a partisan issue. If implemented correctly, it will be good for everyone except tax attorneys and companies like H&R Block.

This race is, in fact, over. Romney-Ryan have already won.

Removing the capital gains tax makes sound economic sense. Remember that investments involve risk, and profits are based on funds that have already been taxed previously.

Want to plan for the education of your children and for your retirement, and at the same time help grow the economy? Removing the tax on capital gains would benefit you.

The liberal fomented class war has reduced the debate to blind adherence to dogma and personalities (Cult of Personality ?). It all started in 1964 with LBJ’s War on Poverty, when the government gave funds it didn’t have to the electorate for no other reason than the recipient didn’t have as much as the next guy. Those programs (and the attitude of “entitlement”) have expanded since to the point that the US is teetering on the edge of bankruptcy. And yet half the electorate demonizes anybody suggests rampant deficit spending has got to stop.

Look at the preceding posts, its no wonder manufacturers are fleeing the US. Who in their right mind would want to risk millions/billions in this environment?

A week ago the polls pretty much all showed Romney ahead, now they’re split between Romney and Obama. The Dems are not on the run as you believe them to be.

Four more years is my prediction, although a lot closer than it was last time. No President Romney, and Paul Ryan spending the next four years doing lecture tours and making a bit of cash.

Among the many factors that is driving US manufacturing off-shore (and there are many, the least of which is cost of labor), is taxation. Products produced in China are only taxed if they are consumed in China. In the US, products are taxed no matter where they are consumed. So in essence, we burden US products that are destined to other countries, at the same time that those countries do not tax products destined fore the US.

Since the 1960s the world has shifted away from taxation of production (recognizing the importance of a world economy long before the US did) and instead implemented national sales taxes and/or Value Added Taxes.

When the US taxes corporate profits at any rate (especially 35%) it places an unfair burden on US manufacturers. On the other side of the coin foreign manufacturers, because their products don’t arrive in the US bearing foreign tax burden. The to top it off, those products aren’t taxed in the US, except at the local level.

You can see how this difference in tax strategy impacts a multi-national such as Apple in the effective tax rate they pay. The US corporate tax rate is 35%, yet Apple consistently pays about 25%. This is the result of manufacturing in China and exporting from there to countries that do not charge production taxes. The blend knocks 1/3 off Apple’s tax bill.

When you consider the totality of production taxes charges in the US (income tax, media-care, social security, unemployment, disability, both employer and employee contributions) its amazing that US manufacturers can compete at all. Switching to a consumption tax (which is what Romney favors) lowers the cost of exported US goods, increases the cost of foreign made products and leaves the cost of domestically consumed US products about the same.

THIS simple move increases US production (aka jobs) dramatically.

The problem for the candidates goes like this:
Romney (Republicans in general) is painted as favoring the rich/corporations over the common man (who has no concept of the difference in production and consumption taxation).
Obama (Democrats in general) lose their core campaign/election issue when they lose the ability to fovent class warfare by pitting the ‘haves’ and the ‘have nots’ (“pay their fair share” sound familiar).

The truth is that the top 2% of producers pay half of all income taxes, and almost 50% don’t pay any income tax. But still they have been convinced by Democratic campaigning that the “haves” aren’t paying as much as they do.

Change that one thing (taxation strategy) and you dramatically improve the manufacturing environment in the US.

http://www.cato.org/pubs/tbb/tbb-0204.html

As I’ve been saying for months now:

President Romney and Vice President Ryan. Get used to it.

This race is over.

As I’ve been saying for months now:

President Romney and Vice President Ryan. Get used to it.

Here, from liberal outlets, so you don’t get too scared upfront to look at the facts:

CNN:
• 58% of debate watchers say Romney would better handle the economy vs. 40% for Obama
• 51% of debate watchers say Romney would better handle taxes vs. 44% for Obama
• 59% of debate watchers say Romney would better handle the deficit vs. 36% for Obama

CBS:
• ”Which candidate would do a better job of handling the economy?” After the 2nd debate, 65% said Governor Romney, 34% said President Obama.

This race is over. What I’ve cited above is the tip of the iceberg.

As I’ve been saying for months now:

President Romney and Vice President Ryan. Get used to it.

George Bush got, nationwide, over 500,000 votes less that Gore in 2000, but Bush won because he got the contested Electoral votes in Florida-the ones needed to push him over 270. According to several sites, including the Huffington Post, at the moment, based on the best estimates as of now, Obama will win the Electoral College vote with more than enough for a second term. It all depends on what states are in play.

Stay tuned.

Translation:
Among FauxNewz watchers who consider all other media slanted, Romney leads Obama by 96 percentage points, the Republican slanted Gallup organization reported.

Dewey vs Truman was a Gallup call. Gallup said it was Dewey in a walk. There is no Dewey Presidential Library.

[kyte.tv appKey=MarbachViewerEmbedded&uri=channels/405150/1699939&tbid=7743&p=5744&height=450&width=640]

One of his god brothers named Mohammed, a card carrying member of the Religon of Peace, just tried to blow up the Federal Reserve building in Manatten today.

Hmmmmmmmm I don’t think so….

Like when Windows users used “market-share” to justify that their Windows products where better than Apple’s.

So you really think Romney is going to abolish the capital gains tax?