"The benefits include facilitating innovation and spurring investment, ensuring citizen privacy, incentivizing ventures to grow their business and tech jobs in the United States," he added. "Non-taxable events are unreportable and that means it will be more difficult for governments to weaponize currency against free speech, which is one of my principal objectives."
Pence said, "To end the uncertainty that is stifling investment, innovation and growth, we must preserve current tax rates and promote permanent tax reform. Congress must permanently extend the 2001 and 2003 tax rates to ensure no American faces a tax hike on January 1st, and I have introduced a bill with Sen. Jim DeMint to do just that. Most Americans know that higher taxes won't get anybody hired. Raising taxes on job creators won't create jobs." [Detroit Economic Club, 11/29/10]
So, Val [Biden's sister campaign manager] arranged a meeting with some fat-cat investment counselors. They were ready to give. In a private meeting, they asked Biden what he thought about lowering the capital gains rate. "I knew the answer I thought they wanted to hear," Biden remembered. "All I had to say was that I'd consider it. And I couldn't say it--I just couldn't lie to their faces." He told them he wasn't for changing capital gains.
The meeting ended. On the way home, Brother Jimmy told him. "Joe, I sure in hell hope you feel that strongly about capital gains because you just lost the election." Biden didn't look back. Instead, he took out a second mortgage on his home. The ads stayed up.
A: It's outrageous that the wealth of the top 1/10 of 1% has risen in the past decade while their taxes are cut via capital gains. No one is even talking, Democrat or Republican, about restoring the capital gains tax. The solutions even by progressive Democrats barely begin to scrape the surface of the problem.
RUBIO: Well, partisan gridlock is not something I'm in favor of. But the problem is it depends on what you're standing for. I'd be more than happy to work across the aisle to do things like lower the capital gains tax, lower the corporate tax, flatten the tax rate, lower all of these other taxes that make America increasingly an unfriendly place to do business. And if the Obama administration tomorrow announces that that's their agenda, or the leadership in Congress does, I'll be thrilled to work with them. But what they're attempting to do is to fundamentally redefine the role of government in America, and we can't cooperate with that, because once we cross a certain point, we can't turn back.
A: I absolutely support the FairTax. And part of the reason is, the current system is one that penalizes productivity. If we could have the FairTax, you take $10 trillion parked offshore, bring it home, you rebuild the "Made in America" brand, you free up people to earn money, to work, you don't penalize them for taking a second job, you don't penalize them for investing, you don't penalize them for savings.
Today, our tax system doesn't need a tap of the hammer, a twist of the screwdriver, it needs a complete overhaul. And what the FairTax does, it ends the underground economy. No more illegals, no more gamblers, prostitutes, pimps and dope dealers will be able to escape the tax code. It's the single great thing that will help this country [achieve a] revitalized economy.
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Candidates on Corporations: | |||
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2024 Presidential primary contenders:
Gov.Doug Burgum (R-ND) Gov.Chris Christie (R-NJ) Gov.Ron DeSantis (R-FL) Larry Elder (R-CA) Rep.Will Hurd (R-FL) Gov.Nikki Haley (R-SC) Gov.Asa Hutchinson (R-AR) Perry Johnson (R-IL) Mayor Steve Laffey (R-RI) V.P.Mike Pence (R-IN) Rep.Dean Phillips (D-MN) Vivek Ramaswamy (R-) Sen.Tim Scott (R-SC) Secy.Corey Stapleton (R-MT) Mayor Francis Suarez (R-FL) Marianne Williamson (D-CA) |
2024 Presidential Nominees:
Pres.Joe Biden (Democratic incumbent) V.P.Kamala Harris (Democratic nominee) Chase Oliver (Libertarian Party) Robert F. Kennedy, Jr. (Independent) Dr.Jill Stein (Green Party) Pres.Donald Trump (Republican nominee) Sen.JD Vance (Republican V.P. nominee) Gov.Tim Walz (Democratic V.P. nominee) Dr.Cornel West (People's Party) 2024 Presidential primary also-ran's or never-ran's: Ryan Binkley (R-TX) Howie Hawkins (Green Party) Joe Maldonado (Libertarian Party) Sen.Bernie Sanders (D-VT) Kanye West (Birthday Party) |
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