1. Remove Bush Tax cuts for everybody over $200,000. Is this family gross or individual? Is this individual/family or small business? What it would do is remove the maximum 15% capital gains and dividend taxes and increase them to what? 35%? Ordinary income rate? If its about individuals and families. i.e., NOT small businesses, AND there is an upper income limit, say $500,000 then I can live with some increase. The Bush tax cuts are definitely still needed for the lower income people, especially fixed income retirees. I remember managing my mothers funds after she turned 85 until her death at 98. She invested faithfully in the government -- U.S. Savings Bonds prior to that. Thus, she deferred everything (didn't need to since her income was so low already) until they were cashed in. Well, the cashing in of massive bond quantities were required to pay for her assisted care. What a deal, she got to cash them in and drive her income to highest tax bracket levels to pay for assisted care, then later nursing home. End result, she had to cash in another 1/3 of the bond quantity needed to pay the taxes. ALL the advantages of deferred income evaporated to the degree that the investment became negative! Thus, it is imperative that the people under, say, $60,000 be left alone! They need to remain getting 0% capital gains and dividend taxed. I would even add INTEREST like the government bonds to this! My recommendation is to not tax anything for those in the 10%-15% tax bracket (2010 levels) and below! This income level could even be raised some. Now I would split the next tax bracket and up to $150,000 set their tax on capital gains, dividends, and interest at 15%. At $150,000+ I'd increase the rate to 17.5% to $275,000 income. After that, I think it's fair (now what does this mean?) to expect those between $270,000-$1,000,000 to pay 20%. Above hat, and remember, still NOT small businesses, rates from 25% to 35% would be sufficient. BUT, leave the small businesses alone. As a matter of fact, give them a 2-year window of 0% taxes to allow them to grow. afford healthcare, and hire people. Now can the GOP idiots live with that? Hey, we're in dire straits and need the wealthy to pull us out. See 2.
2. The wealthy (still NOT small business) need to sacrifice more than others over the next 2 years to get America out of the hole dug by the politicians. Yes, you wealthy $1,000,000 gross income earners. Here's how I would do it: Remove any obvious loop holes that aren't advantageous to EVERYONE! Increase capital gains, dividend, interest taxes as above. I am sure they will still find a loop hole, so now its alternative tax time for them. No wealthy person shall pay taxes LOWER than 15%. Go ahead and play your games with tax write offs and elaborate ways to lower tax burdens that ALL others can't benefit from -- e.g., hedge funds, off-shore accounts, bogus charities, etc. BUT, you will pay at least 15% of your income regardless!
3. Charities will be hurt say the conservatives. Well, yeah. I hate to touch a sore spot, but that 10% tithe to your church is not ALL going to the needy. I am really turned off by the number and size and configuration of churches here in the southwest. I remember the churches in the East while growing up. That corner one in a lower income neighborhood or a small one in a suburb. The SAME small churches still exist now as they did 50 years ago. Unlike the ones here that fill a property size of 1/3 mile by 1/3 mile, or at least, 1500x1500 feet. My money should be going to help the needy, NOT mortar and bricks! I say make it mandatory that all tithe money be identified based on how it will be used and give the people a break! STOP adding gymnasiums, gift shops, cafeterias, etc. Here's a novel way: Go ahead and let the people write off their 10% (still many don't make enough to claim it anyway). Then, TAX the churches for ANY building construction or improvement (not repairs). Also assess the churches for their FAIR SHARE (as the liberals would call it) of property held by them. Give them a tax break for the church itself, but NOT the property. Maybe then they will stop building 1-story, ranging churches that suck up all the land and make them 2-story ones. Guess I'm in trouble now, huh conservatives? You are better off sending money directly to the charity of choice than to believe your church can do better. God doesn't love you more because your church has donuts in its cafeteria every Sunday and Wednesday. If I were God I'd be sitting on the pew in Mississippi with the poor folk in a one room church! Amen!
4. Jobs. O still doesn't get it. He never will...thus his followers who have their heads up the liberal butt won't either regardless of blogs telling them so. So, this is for the others who just want to keep up to date. New jobs require an employer to create them. An employer needs a 5-10 year CLEAR marketing plan to commit $$$ to expansion. An employer does NOT need uncertainty, such as unkonwn health care costs, unknown or high taxes, unknown loan availability, etc. -- you know, the areas O has created. Please see my previous post to discover how I would handle uncertainty with a 2-year AND 5-year tax cut to get the feet under the small businesses. Businesses also need to be given the go to expansion begin held up by REGULATIONS. O&G drilling, nuclear plan building. There is not one reason why America should NOT drill O&G and build nuclear plants -- JOBS galore in addition to future independence from Mideast. And, then, STOP this BS of favoring green jobs by the tune of 1/2 $B loans that end up in bankruptcy! There's got to be something there that screams IMPEACHMENT!
5. Not in his plan is one of the biggest inhibitors to growth -- CONGRESS. We need to purge, I mean REALLY purge, the A-holes who are causing the damage to America. Frank, Dodd are the first! Weiner already excused himself.
Okay...I'm finished. May we get a solution SOON.
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