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Lapidus
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Nice article in 'The Economist' on how Republican candidates are competing to race to the lowest point: http://www.economist.com/node/21534799
With a candidate Romney/Cain/Perry and all their lunatic tax reform proposals, I can not possibly imagine how the Republicans will beat Obama next year.
There are 311 million Americans and the Republicans come up with Romney/Cain/Perry as the possible candidate for the highest office in their country. And then their one and only answer to all problems and everything is: cutting taxes.EDIT: I doubt that these plans will make one of Republican candidates the next president of the United States.
Do you think these plans (as described in article) will have great appeal to the voters?
Flat taxes, including the 9-9-9 plan, seem to put off far more voters than they attract. Even Mr Romney’s much more modest call to cut the corporate tax rate and extend income-tax cuts dating from George Bush junior’s presidency generates more dismay than enthusiasm among voters.
In fact, the only tax scheme that wins approval from most Americans is the one pushed by Mr Obama and other Democrats, to raise rates for the rich. In support of the idea, Democrats point to studies such as one out this week from the Congressional Budget Office, which found that the share of national income accruing to the richest 1% of Americans has doubled over the past 30 years, to over 20%.
With a candidate Romney/Cain/Perry and all their lunatic tax reform proposals, I can not possibly imagine how the Republicans will beat Obama next year.
There are 311 million Americans and the Republicans come up with Romney/Cain/Perry as the possible candidate for the highest office in their country. And then their one and only answer to all problems and everything is: cutting taxes.EDIT: I doubt that these plans will make one of Republican candidates the next president of the United States.
Do you think these plans (as described in article) will have great appeal to the voters?
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