Encourage economic investment; avoid reactionary politics

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  • patriot Cedar Hills, UT
    May 24, 2012 12:53 p.m.

    Encourage economic investment; avoid reactionary politics??? Let's see here - that would imply obviously that 90% of democrat's including the guy in the White House would get the boot in November.

  • Tekakaromatagi Dammam, Saudi Arabia
    May 23, 2012 8:49 a.m.

    My worry is that our present recovery is an illusion because we are borrowing $1 trillion a year, (referring to Lloyd Bentsen commenting on Reagen's deficit (Bentsen ran as the Democratic VO nominee in 1988): "If you let me write $200 billion a year worth of hot checks I could create the illusion of prosperity".

    If we cut the borrowing, the economy would tank. But if we keep spending and default on our debt the economy would tank even more and for even longer. I think that the right thing to do is to cut now and we deal with the mess that we and the previous generation created rather than kicking it down the road.

  • Hemlock Salt Lake City, UT
    May 20, 2012 7:27 p.m.

    It is ironic that Sen. Schummer who has been a staunch supporter of Wall Street now finds religion. Having our government judge the intent of a person's citizenship is a slippery road. What intent will be next on the government's monitoring list? If someone moves to Nevada to minimize taxes will Utah want to judge them? George Orwell would have smiled at this proposal.

  • Steven Harper Salt Lake City, UT
    May 20, 2012 1:15 p.m.

    Our 21st century pioneers are innovators, especially in the digital world. Lower tax rates do not foster innovation, education and imagination and boldness do. Starving our schools to bloat corporate profits does not promote innovation. Innovators are the true job creators, and attract investors to capitalize their ideas. There is plenty of wealth in this great country to fund Social Security and provide affordable health care for every American, necessary common goods if we are to have the liberty to pursue happiness.

  • marxist Salt Lake City, UT
    May 19, 2012 11:01 p.m.

    What the Deseret News does not understand, along with most of it readeship, is that the economy is a loop - with citizens and corporations dealing with taxation, and wokers dealing with working conditions and wages. One cannot decide if various measures are apporpirate unless one peers inside of the enterprise to see how labor is treated. This is a dimension with which the Deseret News cannot deal because it itself is a corporation, as is its ownership. So they see the corporation as virtuous and labor as venal.

  • Shaun Sandy, UT
    May 19, 2012 9:51 p.m.

    I am tired of the "tax reform" mantra. We do not tax reform we need Monetary Reform. We wouldn't need to be taxed if our monetary system was not based on debt.

    Our money is debt. All of it, period. The dollar in your pocket is there because someone went into debt. You may be debt free but it would be impossible for everybody in this nation to be debt free because if someone isn't borrowing money(bank credit) then a mass depression would ensue.

    Stop the talk about tax reform and instead focus on changing the monetary system from debt based to debt free based.

  • Mike Richards South Jordan, Utah
    May 19, 2012 7:43 p.m.

    When will the government understand that it is not their money?

    When will Congress understand that you reward those who provide jobs for others, you don't punish them?

    When will Mr. Obama realize that there is no "rich guy" who is going to sit still while the government strips him of his possessions?

    Wealth has been flowing from America for years. Businesses have closed. Jobs have been lost. Why? Because the government thinks that it can buy votes.

    When 47% of the people pay no income tax, the system is broken. When people are renouncing their citizenship, the system is really broken. When foolish Congressmen think that they have the right to redistribute wealth, they are only telling us that they are utter fools.

  • 1aggie SALT LAKE CITY, UT
    May 19, 2012 7:10 p.m.


    Your post doesn't add up. First you rail on Democrats for being big spenders, then you go on to say you live in CONSERVATIVE Farmington and all they do is spend. Please explain why all the Farmington conservatives are spending so much. I note that the mayor ran unopposed in Farmington and only 21% of registered voters turned out for the last City election, so it appears that most of the conservative residents are okay with all the spending.

    Republicans talk a good story but they are huge spenders. Just the other day, the Republican House appropriated more money for the military than they had asked for!! The Republican Party is all about the back-room deal and making the rich richer.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    May 19, 2012 5:22 p.m.

    A bus load of politicians were driving down a country road, when the bus ran off the road and crashed into a tree in an old farmer's field.

    The old farmer, after seeing what happened, went over to investigate.

    A few days later, the local sheriff came out looking for the missing politicos, saw the crashed bus, and asked the farmer where all the politicians had gone.

    The farmer said, "I buried 'em all out back."

    The sheriff then asked, "Were they ALL dead?"

    The old farmer replied, "Well, some of them said they weren't, but you know how them politicians lie."

  • toosmartforyou Farmington, UT
    May 19, 2012 2:15 p.m.

    Why doesn't it surprise me that the Democrats want to tax, tax, tax and then tax some more. That's their SOP and all they about solving problems, most of which were created by them in spending ourselves blind. Has the spending part worked? Not too well.

    I guess we must need Uncle Sam to solve our problems when we won't solve them ourselves. For example, all that GM needed was some more people to buy GM cars, but no, everyone had to have a Honda or a Toyota and then gripe that GM needed government help.

    Another example: I live in conservative Farmington but they have built a new City Hall, Swimming Pool, Fire Station, Police Station, two Public Works Buildings and Community Center in the last 2 decades. So is that enough spending? No.....now they want to build a "Recreation Center" and continue to spend the taxpayer's money....whether they need a rec center or not. Once in power, "spend someone else's money as fast as you can" is the government mantra. To make ends meet you can just raise taxes; that's the magical answer; same for the school district.

  • Brother Chuck Schroeder A Tropical Paradise USA, FL
    May 19, 2012 12:19 p.m.

    That'll be the day when Congress will encourage economic investment and avoid GOP reactionary politics. This is how nuts these people are. Ron Paul started what his supporters call a revolution. Now, that revolution is threatening to march on without him. In what amounts to public pleading with his passionate supporters, Paul’s campaign has made clear that he wants them to tamp down the rhetoric, and to be respectful of Mitt Romney at the national convention in August when Romney is crowned the GOP nominee. He reminds me of Forrest Gump in terms of social skills. "ALL" the GOP care about is "MORE" guns for the hunters, and subsidies for the Koch Brother's and their "Rich and Famous" and more tax breaks for them alone. More GOP "welfare for the rich" government subsidies to big business, pork-barrel and Earmark Pentagon contracts to weapons makers, huge tax breaks for wealthy individuals, and most recently, colossal contracts for post-Katrina reconstruction to politically connected companies like Halliburton.

    I told you I would tell you the truth.

    I didn't say you'll like it.

    This truth speaks for its self.

    Let the debate begin.

    My views.

  • skeptic Phoenix, AZ
    May 19, 2012 11:55 a.m.

    The USA is growing into a corporate state that is owned and controlled by giant international corporation (including international organized religion Non-profit churches) that are owned and managed by the super rich capitalists. Now corporations are considered people, and real people have lost their voice and political influence in their lives and become pawns to the manipulation of market management of the super capitalists. But when the super capitalists have all the money and power; who are they going to sell to. At that point they will be sacrificing the peoples lives in wars for dominance and one corporate world control where people don't really matter just power and money rules.

  • 1aggie SALT LAKE CITY, UT
    May 19, 2012 10:03 a.m.

    "Money is a coward; it goes where it feels safest. Like water, it flows through paths of least resistance."
    Wrong. Stupid money is a coward that goes to the safest place and earns a minimal return. Smart money goes to the best ideas and earns superior returns, no matter where they exist. Do venture capitalists invest in safe things?
    Money is not the real job creator in this country (in case you haven't noticed, we are not a capital intensive economy anymore). Innovation creates jobs. The innovators seldom have money (how much money did Bill Gates or Mark Zuckerberg have when they started out) but they find it.
    Our superior educational system is essential for continued innovation. Foreign kids are attracted to the best colleges in the world, and if we let them in and educate them, they will expatriate and compete against us. Savarin is just one example among millions. Large Asian businesses are full of American educated talent.
    If, as a result of trying make the capital owners more wealthy (by taxing them less), we destroy our innovative environment by defunding our schools, we will lose our innovative edge. Then the money will truly go elsewhere.

  • Truthseeker SLO, CA
    May 19, 2012 9:36 a.m.

    Sorry to burst your bubble.

    Studies found the rich — those in the top 20 percent of income earners — leave California at about the same rate as they arrive.
    Poorer people leave California at a higher rate than rich people.

    Debt as a percentage of GDP is what matters.
    Austerity measures without a healthy economy can decrease demand, decrease GDP, resulting in a worsening of the debt to GDP ratio, which is what is happening in Europe. Japan on the other hand, had the best first quarter in 2012 due to rebuilding after the tsunami.
    Cutting spending means increasing unemployment or reducing salaries, which is what is currently happening at the state level. While job creation has increased in the private sector, the public sector continues to decline.

  • Mountanman Hayden, ID
    May 19, 2012 8:45 a.m.

    The first law of holes: if you are in a hole, stop digging! Instead of thinking of ways for the government to get more people to pay higher taxes, how about we force the government to spend less? Wow, why hasn’t anyone in the Democratic Party thought about that? Its only a matter of time before we will either cut government spending or we will default! If you doubt this, look across the pond to Europe; where they are, we are heading!

  • mohokat Ogden, UT
    May 19, 2012 8:39 a.m.

    Schumer has never met a tax he didn't like and especially a camera.

  • The Real Maverick Orem, UT
    May 19, 2012 8:36 a.m.

    Taxes are the cause?


    Why no mention of labor costs? How can America compete when corporations move their operations overseas where there aren't any regulations, children can be used, and wages consist of a few pennies?

    Why no mention of the lack of demand? In America, most of us have been saving up and not spending nearly as much because Wall Street and the Banks destroyed our economy.

    Instead of trying to perk up the rich, we need to concentrate on building up the poor and middle class.
    Sorry, but helping the rich doesn't help everyone else. We've seen enough trickle down economics, haven't we? They've failed completely.

  • Hutterite American Fork, UT
    May 19, 2012 7:30 a.m.

    Nice thoughts, but in our self centred and extreme political climate it seems unlikely.

  • Mountanman Hayden, ID
    May 19, 2012 7:04 a.m.

    And liberals can’t figure out why businesses and taxpayers in California, New York, Massachusetts and other “blue” states are leaving in droves and moving to “red” states, like Texas, N. Carolina or even overseas to Singapore! Keep punishing success, achievement and excellence and you will have much less of it at every level! Keep demonizing the “rich”, drive them out and who will pay for your entitlements?

  • Ultra Bob Cottonwood Heights, UT
    May 19, 2012 6:40 a.m.

    Rich and powerful are able to blackmail local and state governments to grant them special tax deals simply by offering to move to their location. And as we see in this article, nations are subject to the same criminal behavior.

    The tax reform that we need is to stop the grab-the-money-and-run thinking. We need a fair and equitable system for our civilized nation that maintains a healthy government while distributing the costs of life more in tune with the benefits we get. Currently income is the best measure.

    Such a system would be a flat rate income tax on every income from every source of income created by Americans and paid to Americans. No deductions, no exemptions.

    The flat tax takes away the need for individuals to fill out forms and make payments. The tax can be withheld by the business operation in the United States as a simple flat rate calculation on all outgoing money that the business distributes for any cause. It doesn’t matter where you live or citizenship, if your income is derived from commercial activity in the United State you pay the United States income tax.

  • JoeBlow Far East USA, SC
    May 19, 2012 6:20 a.m.

    "The difference, we suspect, is that four years ago politicians in power hadn't yet begun pushing for increased taxes on the rich in order to solve the nation's debt problem."

    I am really sick of hearing this statement.

    In reality, all will need to sacrifice. You know... that shared sacrifice thing.

    The rich are paying the lowest tax rates in 60 years. (and continue to accumulate the majority of the wealth)

    It is not unreasonable to raise those taxes while cutting services which primarily benefit the poor.

    No, taxing the rich more wont "solve the nation's debt problem." And I doubt that anyone believes it will.

    It is obvious to anyone without a partisan agenda that we need to

    Cut Medicare and Medicaid
    Reform SS
    Cut defense spending
    raise taxes

    That is what any solid businessman would do. Regardless of politics.

  • Roland Kayser Cottonwood Heights, UT
    May 19, 2012 4:20 a.m.

    "What the nation truly needs is a tax code more friendly to business, investment and wealth creation, and less punitive of capital gains."

    In the Eisenhower era, corporate taxes brought in 25% of all federal revenue. That is now down to 6%, a 75% reduction. There are many profitable companies that have an effective tax rate of zero, or very close to it. Capital gains taxes are down to just over half of what they were Reagan left office. Still, that's not good enough for you.

    There is no developed country to which our rich could go and pay lower taxes than they do here. There are a few small tax havens like Monaco, Singapore, or the Cayman Islands, but those can hardly be called countries.

  • red state pride Cottonwood Heights, UT
    May 19, 2012 2:32 a.m.

    Democrat tax policy 101: punish success, reward failure. Repeat until you achieve third world status.