Mitt Romney on Taxes

We are in the midst of yet another great American discussion about taxation. Perhaps no policy area has become more sensitive or controversial. At stake are two vital concerns for the American future: How will we generate sufficient revenue to balance our budget without discouraging economic activity, and will the burden of taxation fall equitably on all Americans?

Tax policy shapes almost everything individuals and enterprises do as they participate in the economy. With bad design, tax policy can discourage economic activity. With good design, it can encourage it. Yet our current tax system is an accretion of decades of patchwork decisions that came into being with no systematic thought for their implications for job creation or economic growth. Every year, individual taxpayers are forced to confront a Rube Goldberg contraption of bewildering complexity that leads to a range of undesirable outcomes, including the fact that millions of Americans have to pay hundreds of dollars to have their tax returns prepared by a professional who understands the rules. Corporations, for their part, are subject to rules and regulations that all too often encourage tax gamesmanship while discouraging reinvestment in the American economy.

Obama’s Failure

In approaching the nation’s fiscal challenges, President Obama has repeatedly called for a “balanced approach,” by which he means cutting spending but also raising taxes. That may sound appealing on the surface. However, the reality is that before President Obama exploded the size of the federal government, our existing tax rates were more or less adequate to pay for the government we needed. President Obama claims now to be offering a compromise. In fact, by undoing only some of the harm he has inflicted on our fiscal health over the past three years, he would ratchet up permanently the size of government and the tax burden on the American people.

President Obama’s proclivity for fostering uncertainty about the long-term shape of the tax code is particularly troublesome. He has embraced one temporary solution after the next while rejecting permanent adjustments that would bring some predictability and stability to investment decision-making. The result is a business climate marked by hesitation. When President Obama complains about banks refusing to lend and businesses refusing to hire, he should consider the impact of his own policies on that state of affairs.

No discussion of President Obama’s tax policies would be complete without a reference to Obamacare and its $500 billion in tax increases. Whenever President Obama discusses the need for more tax revenues, Americans should remember that he already got them and spent them on a health care scheme that is itself proving to be hugely disruptive to the economy.

Mitt’s Plan

Reducing and stabilizing federal spending is essential, but breathing life into the present anemic recovery will also require fixing the nation’s tax code to focus on jobs and growth. To repair the nation’s tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenue needed to fund a smaller, smarter, simpler government. The principle of fairness must be preserved in federal tax and spending policy.

Individual Taxes

America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.

  • Make permanent, across-the-board 20 percent cut in marginal rates
  • Maintain current tax rates on interest, dividends, and capital gains
  • Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
  • Eliminate the Death Tax
  • Repeal the Alternative Minimum Tax (AMT)

Corporate Taxes

The U.S. economy’s 35 percent corporate tax rate is among the highest in the industrial world, reducing the ability of our nation’s businesses to compete in the global economy and to invest and create jobs at home. By limiting investment and growth, the high rate of corporate tax also hurts U.S. wages.

  • Cut the corporate rate to 25 percent
  • Strengthen and make permanent the R&D tax credit
  • Switch to a territorial tax system
  • Repeal the corporate Alternative Minimum Tax (AMT)
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Obama Care Lives!!! Time to FIRE OBAMA THIS NOVEMBER

Save America from Obama and the Democrats

Give to Romney for President today!  www.mittromney.com click donate

Also donate to Alex Mooney and the MD GOP at https://secure.piryx.com/donate/AG3xyESR/mdgop/


RINOs We don’t need Them!!!

The MD GOP under the leadership of Alex Mooney is great.  Alex has been able to pick off 2 of the 3 O’Malley’s pet bills.  Alex got the Maryland Dream act on a referendum; Gay Marriage and now he is going to get Redistricting on the ballot in 2012.  Alex and Del. Neil Parrott deserves the bulk of the credit they did in spite of RINOs in Maryland like John Wafer and Chris Cavey (Who should be in jail or house arrest with Paul Schurik for robo call gate)

John Wafer is a liberal Republican from Howard County, who managed to win as party secretary back in 2010.  Wafer has been a constant moron on the committee bad mouthing Chairman Mooney and  other conservatives.  I guess that is why he backed Liberal Republicans like Audrey Scott, Mary Kane and his own county Chairman Loretta Sheilds.   Howard County has some of the biggest liberal republicans in the State like State Senator Alan Kittleman and Del. Wade Kach both support Gay Marriage like John Wafer.

We can all agree the MDGOP would work better if we didn’t have RINOs like Wafer, Kittleman, and Kach.


Ever wonder how come the Republicans in the House of Delegates picked up seats in to 2010, while the Republicans in the Senate lost seats?

Ever wonder how come the Republicans in the House of Delegates picked up seats in to 2010, while the Republicans in the Senate lost seats?  The websites of the two caucuses  provides a good clue.

Consider this, despite the huge new tax increases passed during the special session, the Maryland Republican Slate Committee has yet to update its website in over a month.  http://www.mdsenategop.com/

Contrast that with the Republicans in the House of Delegates – http://marylandhousegop.wordpress.com/

It is time that Republican Leader Sen. E. J. Pipkin and the rest of the colleagues be more aggressive in getting the conservative message out.  Too often the Senate Republicans have been too willing to “go along, to get along” with Mike Miller.

There is a reason Chis Shank won a primary against Don Munson in 2010.  Rank and file Republicans were tired of Senate  Republican complacency.

If Senate Republicans do not step up their game, there will many more primaries in 2014.

For starters, Senate Republicans need to be clear – there will not be a single vote from any of them in a special session from them on expanded gambling.  It is time for them to stand up to Mike Miller on his only priority.

This is all on top of a poorly coded website which leaks out for all to codding errors.  Someone should hire a real web developer at the Maryland Republican Slate Committee.

 


What will happen to the “Scott Generation” at the state YR Convention in June?

Perhaps the silver lining from Audrey Scott and Lawrence Scott’s defeats on Saturday for the Scott Family Business is that the campaign has helped Lawrence identify a whole new generation of slash and burn Scott-style operatives.  Twenty-something Scott operatives David Myer, Matt Proud and Fiona Moodie were seen doing the master’s bidding ripping down Nicolee Ambrose signs at the convention at 1:30 Saturday morning.  At the same time State YR Chair Brian Griffith conducted a high profile personal attack campaign on Nicolee.  All are budding practitioners of the Scott Strategies way of campaigning.

These were not mere high school rowdies gone wild. Along with the beautiful Fiona na Moody of the Prince George’s County Republican Party, the vandals include David Meyer, vice chairman of the Howard County Republican Central Committee, along with Matt Proud, of Caroline County Republican Central Committee, and our newest Youth of the Year for the MD GOP.  Alex Mooney may want to reconsider the wisdom of giving Matt the lofty title of “Political Director” for the State party. In fact, Alex may need to recall how much Bob Ehrlich’s own campaign fund went to pay Paul Schurick’s defense costs before giving Matt any more responsibility.  It is a very short step from sign vandalism to ordering “Relax” robocalls.

On the other hand, a month from now the state YR’s will be meeting in Annapolis.  This will be an interesting meeting given the deep divisions within the YRs over the Ambrose – Scott election.  Lining up against Brian Griffiths and Matt Proud  will be a strong contingent of  Ambrose supporters, including Executive Vice-President Carl Weber, National Committeewoman Rachael Gingrich, Treasurer Heather Olsen, VP, Communications Mark Newgent and Immediate Past President Moshe Starkman.


MDGOP 2012 Red, White and Blue Dinner w/Karl Rove

Maryland Republican Party – Red, White & Blue 2012

The Maryland Republican Party cordially invites you to attend the

22nd Annual Red, White and Blue Dinner

with featured guest Karl Rove

author of Courage and Consequence:
My Life As a Conservative in the Fight

sharing his vision for How to Defeat Barack Obama

Saturday, June 9, 2012

BWI Airport Marriott
1743 West Nursery Road, Baltimore, MD  

5:30 p.m. VIP Reception & Photo Opportunity
6:00 p.m. Dinner Registration Opens
6:30 p.m. 22nd Annual Red, White and Blue Dinner Begins
7:00 p.m. Featured Guest Karl Rove
8:00 p.m. Book Signing

 Click link to buy tickets https://secure.piryx.com/donate/AG3xyESR/mdgop/rwb2012


Congratulations Nicole Ambrose

I’d like to publicly Congratulate Nicole Ambrose on her Win this past Saturday, I would of done it yesterday if I didn’t have an exam to prepare for, well better late than never.  Nicole you showed great wisdom by not sinking to the level of your opponent.  You during this race have consistently taken the high road.  While your opponent when you though she couldn’t get any lower she’d surprise us by sinking lower.

Congratulation on your win!  Now let’s get Mitt Romney elected President.