What is John McCain going to do to create more jobs for Americans?
Please go as in depth as possible.
Originally posted 2008-11-21 10:54:52.
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What is John McCain going to do to create more jobs for Americans?
What is John McCain going to do to create more jobs for Americans?
Please go as in depth as possible.
Previous post: Peter Schiff on Lou Dobbs Radio Jan 6 2009
{ 4 comments… read them below or add one }
Lower corporate taxes to make it more profitable to manufacture in this country.
McCain plans on lowering taxes on the poor and the middle class just like Obama. He also plans to lower taxes on businesses and the wealthy which Obama plans to raise.
When you lower taxes on businesses they become more profitable. This allows them to invest in their company for expansion and growth. When companies expand and grow the first thing they do is crerate jobs by hiring more people.
Wealthy people do not have their money in a 401k or an IRA. Wealthy people invest in companies and realestate. When you raise taxes in the wealthy they remove theri money from these investments but when you lower taxes on the wealthy they put more of their money into businesses to help the business expand and grow (see above) and they put more money in real estate. The development and construction and or remoled of real estate creates construction jobs, maintainence jobs, property management jobs … etc.
Economics 101 due here.
-Who creates the majority of jobs in the US? Who? I think you got it, Small Business
-Why do Small Business’ create new jobs? Just because they feel like it? I don’t think so. Last time I checked they add people due to an increase in sales.
-What increases sales? People with less money? I don’t think so. Well then, how do people get more money in their pocket. They have jobs that in most cases small business created. Kind of like a round robin.
-What happens when small business cost go up? Probably- that’s right! They raise prices or cut jobs.
-Well then, what causes small business cost to go up? Do you think higher taxes might be one cause?
-So, what is the best method any government has to create jobs?
-Don’t raise taxes – don’t increase the corporate tax rate. ( The US has the second highest corporate tax rate in the world. Who’s higher? Japan. I guess you already know Japan’s economy is tanking.
Bottom line, I seem to recall McCain stating he is against raising taxes on small business ( of course you know a great deal of small businesses make more than $250,000- Oh wait, Obama changed that to, was it $200,000, no I think it was changed again to $150,000. Is that his current number? Or has he change that one again? See a trend here?) and lowering corporate tax rates.
What’s Obama want to do. That’s right! Raise those taxes. That will help the key job creaters to hire more.
Economics 101 is now over.
Lowering or eliminating Capital Gains tax. High Capital Gains taxes are the reason many of our jobs have gone overseas. Lower taxes period. Jobs will also be created when we begin in earnest to drill for more oil in our own country. Research, build and create alternate renewable sources of energy, wind, natural gas, solar, nuclear etc., Existing energy companies will grow and new ones will crop up.