[quote=equalizer]
After the so-called debate tonight, it appears that most candidates were just quoting speeches, not debating each other. Appears they agreed on most issues:
Eliminate corporate profit tax – Good idea, but need to make up revenue elsewhere, unless firms take money and hire like crazy, with 5% sustained GDP over 5 years which has never happened in modern times.
Cut capital gains tax – Great idea for the beltway, but may not be real popular with voters. Tough to convince voters that hedge fund billionaires will trickle their riches on jobs for masses. But I’m usually wrong, so it’s probably a winning issue.
Tort Reform – Ban punitive damages/class action lawsuits. Good bumper sticker, even if not accurate. CA has high health care costs even with strict limits on punitive suits.
Downsize/Close EPA, FEMA and other so-called job killing agencies – Is this necessary to compete with China? May be tough to convince voters that asbestos, PCB’s and cheap equivalents, would not return if 0% capital gains, no plaintiffs lawyers and no EPA.
Cut personal income tax – Who doesn’t want a tax cut? Winner. (Even though rates are pretty low already for modern times, so a small cut wouldn’t be super simulative)
Repeal Obamacare – Bumper sticker winner. This will be good excuse to put Romney(care) out of running. Romney actually believed the freedom of religion applied to national politicians? Of course, no politician will ever address massive health care inflation over last 20 years that is real job killer.
That leave Pawlenty as mainstream choice, but doesn’t excite base, so Bachmann is favorite? But then Perry may enter and Perry/Bachman for the win?[/quote]
we need to call tax cuts what they really are. They are EXPENSES. elimination of corporate profit tax is really spending to provide subsidies to corporations in the hope that it would stimulate more investment. except you completely eliminate the middle man and don’t even bother collecting and distribute back.
With all the spending they are proposing, the GOP is not at all interested in reducing the debt or the deficit at all.
