tag:blogger.com,1999:blog-5583157134881112619.post5520293308083559056..comments2024-03-10T23:44:30.359-05:00Comments on Racine Post: Ryan balks at latest stimulus proposalDustin http://www.blogger.com/profile/10717778498642473701noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5583157134881112619.post-55503954516771067722009-01-23T08:54:00.000-06:002009-01-23T08:54:00.000-06:00Rather than give money to businesses, or spend mon...Rather than give money to businesses, or spend money on what are in many cases unnecessary public works boondoggles, a much better approach would be to provide tax cuts and credits to businesses, especially for hiring, investment (buying equipment and vehicles) and research and development.<BR/><BR/>We should also permanently cut the corporate tax rates, which are among the highest in the world. In fact, we should eliminate corporate income taxes entirely. Corporate profits are taxed twice (at the corporate level, then again when dividends are paid to or capital gains realised by investors) - If we improve the tax climate for business, they will hire more people (who will pay income taxes) and make more profits which will be taxed when paid out to shareholders.<BR/><BR/>We should create a climate that rewards business success, instead of punishing it. We all benefit when businesses do well.Anonymousnoreply@blogger.com