Selling us a bill of goods...
You've heard the saying, "If it sounds too good to be true, it probably is." This is a saying my parents drilled into my head while growing up. It goes along with "Don't be gullible. Don't be foolish. You can't believe everything you're told."
When a politician rattles off a long list of promises and that will suddenly happen because of a new bill...first, cover your wallet. Second, remember the first saying, "If it sounds too good to be true, it probably is."
Here is a long list of promises, referred to by President Obama as he recently unveiled the American Jobs Act:
- new jobs for Construction, Teachers, Veterans, First Responders, Young People and the Long-Term Unemployed.
- tax credits to companies that hire new workers
- tax relief to small business owners
- tax cuts for the middle class
- it won't add to the deficit
- reduce the deficit
- pay down our debt
- pay for jobs
- creates jobs right away
- government contract holders will get paid faster than you do right now
- eliminate red tape that prevents start-ups from raising capital
- help people refinance their homes
- put more than $2,000 a year in a family's pocket
- all small business owners will see their payroll taxes cut in half next year
- all businesses will be able to continue writing off investments made in 2012
- it will repair and modernize at least 35,000 schools
- put people to work fixing roofs and windows, installing science labs and high-speed Internet
- it will rehabilitate homes and businesses
- it will jump-start thousands of transportation projects
- low-income Americans will have more ladders out of poverty
This is a long, long list of promises and it just sounds..."too good to be true."
So, what should the Federal government do so we can create jobs? Cut the corporate tax rate, eliminate burdensome regulations like Sarbanes-Oxley and let companies invest private capital - even at the risk of failure. This is how jobs are created...
www.iangilyeat.com
When a politician rattles off a long list of promises and that will suddenly happen because of a new bill...first, cover your wallet. Second, remember the first saying, "If it sounds too good to be true, it probably is."
Here is a long list of promises, referred to by President Obama as he recently unveiled the American Jobs Act:
- new jobs for Construction, Teachers, Veterans, First Responders, Young People and the Long-Term Unemployed.
- tax credits to companies that hire new workers
- tax relief to small business owners
- tax cuts for the middle class
- it won't add to the deficit
- reduce the deficit
- pay down our debt
- pay for jobs
- creates jobs right away
- government contract holders will get paid faster than you do right now
- eliminate red tape that prevents start-ups from raising capital
- help people refinance their homes
- put more than $2,000 a year in a family's pocket
- all small business owners will see their payroll taxes cut in half next year
- all businesses will be able to continue writing off investments made in 2012
- it will repair and modernize at least 35,000 schools
- put people to work fixing roofs and windows, installing science labs and high-speed Internet
- it will rehabilitate homes and businesses
- it will jump-start thousands of transportation projects
- low-income Americans will have more ladders out of poverty
This is a long, long list of promises and it just sounds..."too good to be true."
So, what should the Federal government do so we can create jobs? Cut the corporate tax rate, eliminate burdensome regulations like Sarbanes-Oxley and let companies invest private capital - even at the risk of failure. This is how jobs are created...
www.iangilyeat.com
Posted by Ian Gilyeat at 9/20/2011 8:09 AM 
Categories: Limited government, Economy
Tags: Job creation Limited government Economic stimulus Individual freedom Taxation US Budget
Categories: Limited government, Economy
Tags: Job creation Limited government Economic stimulus Individual freedom Taxation US Budget
Comments