Posted by
Ike on Tuesday, October 14, 2008 8:53:06 AM
I am sure that I am not the only conservative that wants to see McCain come out swinging at the next debate. What I can't understand is his allowing Obama to talk about increasing the taxes on businesses without explaining exactly what that would mean. First of all, Obama's right when he says that businesses are not paying taxes. Businesses never pay taxes, people do. If taxes go up on businesses they pass that along in higher prices. Then they become less competitive in the world market and that increases our balance of payment problem because companies who are not paying the higher US tax can compete better. Next it pushes businesses overseas therefore lowering our net tax base. What we need is a zero tax on businesses and a national sales tax to thereby tax products that are impoted from other countries.
Why can't McCain point out the stupidity in Obama's tax proposal before it's too late.